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Emirates News Agency - Alpha Dhabi increases stake in Aldar, becoming parent company

ABU DHABI, 28th June, 2022 (WAM) -- Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the largest shareholder and consequently becoming Aldar's parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar to complement its existing majority representation on Aldar's Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi's consolidated financial statements, the impact of...
Abu Dhabi Alpha Dhabi Hamad Al Ameri Aldar Properties Alpha Dhabi Holding Dhabi Holding
Source: wam.ae

Alpha Dhabi raises stake in Aldar Properties to become its parent company

RIYADH: Alpha Dhabi Holding has raised its stake in Abu Dhabi-based mega-developer Aldar Properties, whereby it will become the parent company of the latter. With the latest stake purchase, the company complements its existing majority representation on Aldar’s board of directors, according to a statement. Alpha Dhabi, which is listed on the Abu Dhabi securities exchange,
Ar Riya Saudi Arabia Abu Dhabi Alpha Dhabi Hamad Al Ameri Aldar Properties

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