Alpha Dhabi Holding raises stake in Aldar Properties to 30%
- Date: 04-Jan-2022
- Source: Eye of Riyadh
- Sector:Real Estate
- Country:UAE
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
ABU DHABI, 3rd January, 2022 (WAM) -- Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders, said an ADH statement on Monday.
Commenting on the announcement, Hamad Salem Mohamed Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said, "The real estate sector has been witnessing an outstanding recovery during 2021, and demand for residential, commercial, hospitality and logistics units continue to grow as a result of the resilience and agility of the country’s post-pandemic strategy."
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