Alpha Dhabi acquires 36.4% stake in National Corporation for Tourism and Hotels for Dh730 million
Deal makes Alpha Dhabi the single largest shareholder in the ADX-listed company
Source: gulfnews.com
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Deal makes Alpha Dhabi the single largest shareholder in the ADX-listed company
Acquisition makes Alpha Dhabi largest shareholder in NCTH, with a 36.4 per cent stake
Saudi Arabia's benchmark index rose 0.5%
Alpha Dhabi, a leading investment holding company in the region, has reported solid results for the first quarter with its net profit surging to AED7.3 billion ($1.9 billion), while its revenue hit AED12.8 billion ($3.5 billion), up 56% over last year.
The investment firm to look at more acquisitions this year, says CEO