Abu Dhabi Wealth Fund ADQ takes 50% stake in IHC's Eltizam
IHC issued shares worth 111.6 million dirhams ($30.4 million) in Eltizam to ADQ as part of the deal, according to a statement filed to the stock exchange
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IHC issued shares worth 111.6 million dirhams ($30.4 million) in Eltizam to ADQ as part of the deal, according to a statement filed to the stock exchange
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<div> ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s
Abu Dhabi's ADQ offers to combine exhibitions company with ADNH SECTIONS Last Updated: Jun 09, 2021, 12:11 PM IST Share Synopsis The combination would "create one of the largest hospitality, events, and catering powerhouses in the region," the holding company said in a statement via email. Upon completion, the combined group would have assets of around 20 billion UAE dirhams ($5.45 billion), it said. Agencies After the transaction is completed, ADQ will own roughly 54.98% of ADNH (Company Image) Abu Dhabi state-owned ADQ said on Wednesday it submitted an offer to Abu Dhabi National Hotels Com...