UAE’s Alpha Dhabi increases stake in Aldar Properties
UAE-based conglomerate Alpha Dhabi Holding has become the “parent company” of Abu Dhabi real estate giant Aldar Properties PJSC, by increasing stake and reaffirming itself as the largest shareholder, the company said today.
The holding company said in a statement to Abu Dhabi Securities Exchange (ADX) that it increased its stake in Aldar but did not disclose by what percentage.
Alpha Dhabi last increased its stake in Aldar to 30 percent in January 2022.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: “As a long-term strategic shareholder, Alpha Dhabi will continue to support Aldar’s management team as they execute its transformational growth agenda.
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