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IHC purchases 45% stake in Alpha Dhabi Holding

IHC purchases 45% stake in Alpha Dhabi Holding
Alpha Dhabi Holding focuses on the real estate and construction sector
IHC
ASMAK
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Abu Dhabi – Mubasher: International Holdings Company (IHC) has completed the acquisition of a 45% stake in Alpha Dhabi Holding, formerly known as Trojan Holding.

Established in 2008, Alpha Dhabi Holding focuses on the real estate and construction sector, with a diversified portfolio that manages and organises a variety of entities within construction, hospitality, industry, and capital, according to a press release on Tuesday.

The company develops various projects, including mixed-use and high-rise property, mass housing, and infrastructure.

The CEO and Managing Director of IHC, Syed Basar Shueb, said: "The acquisition of a substantial stake in Alpha Dhabi Holding will add a significant scale to IHC, the move will increase and diversify our investment vertical, as we continually seek strategic partnerships with local and international players and further strengthen our leadership position in the marketplace."

The Managing Director of Alpha Dhabi Holding, Hamad Al Ameri, commented: "The transaction places us in a unique position to capitalise on IHC’s robust institutional backing, as we pursue further growth."

It is noteworthy to mention that Sublime Commercial Investment, Alpha Dhabi Holding subsidiary, has acquired a 12.21% stake in Aldar Properties from Mubadala Investment Company (Mubadala).