“Alpha Abu Dhabi” invests 367 million dirhams in the offering of “Borouge”

Abu Dhabi: «The Gulf»
Alpha Abu Dhabi Holding Company announced that it has invested 367 million dirhams in the initial public offering of Borouge.
This investment comes as Alpha Abu Dhabi continues to expand its diversified portfolio through recent acquisitions and investment in Alpha Wave Ventures Fund 2, Tamouh, U Bank, and the initial public offering of the Dubai Electricity and Water Authority. The investment in Borouge, which is one of the world’s leading petrochemical companies with strong foundations and great growth potential, contributes to supporting the investment standards of “Alpha Abu Dhabi” at the institutional and sectoral levels by increasing investment in the petrochemical sector, which is one of the most prominent The company’s target business sectors.
big development
On this occasion, Engineer Hamad Al Ameri, CEO of Alpha Holding Company, said: “Over the past two years, we have witnessed a great development in the investment system and financial markets in the Emirate of Abu Dhabi, as they have become more mature, dynamic and liquid. Alpha Abu Dhabi’s investment in Borouge’s initial public offering is another example of our continued support for the development of the region’s financial markets. These types of investments form a primary focus for the company as we continue to grow our platform and portfolio, and we are proud to be one of the key investors in the Borouge IPO.”
With its strong balance sheet, excellent cash flow, and promising portfolio of investments and prospects, Alpha Abu Dhabi has the flexibility to invest effectively as part of its growth strategy in parallel with seizing opportunities to participate in major listings in the emirate, and continuing its commitment to support national diversification efforts, creating Excellent value for its shareholders.

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