The International Holding Company has completed the purchase of a 45% stake in Alpha Abu Dhabi Holding Company (formerly Trojan Holding).
The deal comes after Al Alamiah’s board of directors disclosed on March 4 that talks had started regarding this acquisition.
Real estate and construction
Alpha Abu Dhabi Holding was established in 2008 with a focus on the real estate and construction sector. It has also recently embarked on building a portfolio that owns and manages a diverse group of companies in the construction, hospitality, industrial and capital sectors.
This includes a stake in Aldar Real Estate, which was acquired from Mubadala Investment Company in late March of this year through one of its subsidiaries, Sublime Commercial Investments.
In this context, Syed Busar Shuaib, CEO and Managing Director of the International Holding Company, said: “The acquisition of a large stake in Alpha Abu Dhabi Holding Company will add a large scope to the company. To enhance our leading position in the market. ”
For his part, Eng. Hamad Al Ameri, Managing Director of Alpha Abu Dhabi Holding, said: “The deal places us in a unique position to benefit from the strong institutional support of the International Holding Company. The State of the United Arab Emirates to promote the development of the private sector, and we look forward to working closely in the next phase of our march with the International Holding Company to achieve these goals.
22 thousand employees
It is worth noting that Alfa Abu Dhabi has more than 22,000 employees working on developing a wide range of projects, including mixed-use and high-rise, mass housing and infrastructure projects.