Abu Dhabi - Mubasher: Alpha Dhabi Holding has acquired a 25.24% stake in Al Qudra Holding (AQH), an Abu Dhabi-based private joint-stock company.

This acquisition is part of Alpha Dhabi Holding's AED 8 billion investment plan across important sectors in the UAE, according to a press release on Tuesday.

The Managing Director and CEO of Alpha Dhabi Holding, Hamad Salem Mohamed Al Ameri, said: "Al Qudra’s business strategy is a perfect fit for ADH, and this acquisition will add considerable shareholder value as we continue investing in carefully selected industries with sustainable growth potential."

Meanwhile, Al Ameri added: "Investments like these offer huge potential for adding to our progress and growth in the construction, health care, hospitality, industry, chemicals, and investment fields."

It is noteworthy to mention that in December 2021, International Holdings Company (IHC) has acquired a majority and controlling stake in Al Qudra Holding.