ALDAR
Abu Dhabi – Mubasher: Sublime Commercial Investment, Alpha Dhabi Holding subsidiary, has acquired a 12.21% stake in Aldar Properties from Mubadala Investment Company (Mubadala).
Carried out by International Securities and ADCB Securities, the transaction involves the transfer of 960 million shares in a block trade valued at AED 3.5 billion or 3.67 AED/share, according to a press release on Wednesday.
The transaction is one of the largest private share purchases in a UAE-listed company.
Mubadala will remain Aldar’s largest shareholder at 25% to support its growth for being a key driver for Abu Dhabi’s economic diversification, with the highest market cap in the real estate sector, according to a press release on Wednesday.
Abu Dhabi-based Alpha Dhabi Holding is an investment firm managing a diversified portfolio of listed and unlisted equities in local and regional markets.