Page 28 - Alpha Dhabi News Today

Abu Dhabi stocks closed at a record high on Wednesday, lifted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers earlier this week.

By Reuters Staff 2 Min Read (Reuters) - The Abu Dhabi stock market rose 0.4% in early trade on Sunday, supported by gains in International Holding (IHC), while the Saudi Arabian index came under pressure from declines in financial stocks. FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo Conglomerate IHC rose 1.7%, having closed flat in the previous session after eight days of gains that started with the listing...

Dubai: Abu Dhabi’s Mubadala-owned satellite company Yahsat has set a price of Dh2.75 a share for its IPO. The listing is scheduled for July 14, and represents part of a steady pipeline of stock floats that Abu Dhabi entities are planning on. The Abu Dhabi stock market has surged past the Dh1 trillion markin market cap, making it one of the best performing ones in the region. Based on the Dh2.75 a share pricing, Yahsat – or the Al Yah Satellite Communications Co. – will have a market capit...

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IHC subsidiary Alpha Dhabi completes big Abu Dhabi listing ABU DHABI, 7 hours, 55 minutes ago UAE-based Alpha Dhabi Holding, a subsidiary of International Holding Company (IHC) and a major investment company, has completed a direct listing of its shares on the Abu Dhabi Securities Exchange (ADX)  with a AED10 billion ($2.27 billion) paid-in capital.    Trading of its shares commenced today (June 27) under the ticker AlphaDhabi, said the statement from IHC.   Established in 2008, Alph...

Trading of its shares commenced on Sunday, June 27 under the ticker AlphaDhabi. Established in 2008, Alpha Dhabi Holding is one of the fastest-growing investment holding companies in the UAE. “Today’s listing is a resounding vote of confidence for Alpha Dhabi in our journey of becoming a globally recognised investment holding company and to support our growth plans into our key verticals: industry, healthcare, capital, construction and hospitality,” said Mohamed Thani Murshed Al Rumaithi,...

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Alpha Dhabi traded as high as Dhs20 in a direct listing.

Alpha Dhabi Holding, formerly known as Trojan Holding, employs about 40,000 staff through 25 different subsidiaries. The company made a profit of Dh218 million on revenue of Dh3.8bn last year, according to a prospectus document filed to the exchange. Alpha Dhabi is jointly owned by International Holding Companys IHC Capital and Infinity Wave Holding, each of which hold a 45 per cent stake. The remaining 10 per cent is held by Chimera Investments. Its investments include a 65 per cent stake in N...

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