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UAE blue-chip stocks, especially real estate, feel brunt of investors cutting exposure
UAE blue-chip stocks, especially real estate, feel brunt of investors cutting exposure
Major Stock markets in the Gulf fell in early trade on Tuesday, tracking declines in oil prices, with the US Federal...
ABU DHABI, 25th September, 2023 (WAM) -- Alpha Dhabi Holding has announced its acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater industry. Pending regulatory approvals, this pivotal transaction marks Alpha Dhabi's strategic entry into the water and wastewater domain. The acquisition not only underscores the company's commitment to diversifying its portfolio but also bolsters Metito's mission to broaden smart water solutions across the MENA region and beyond, aligning with the UN sustainability goals. The acquisition sees...
United Arab Emirates-based conglomerate Alpha Dhabi said on Monday it plans to acquire a majority stake in the United Arab Emirates-based water and wastewater project developer Metito Holdings. Pending regulatory approvals, Alpha Dhabi said it plans to acquire the stake from Metito's selling shareholders Mitsubishi Corporation, Mitsubishi Heavy Industries, and Gulf Capital. Alpha Dhabi has around 20 offices and 4,500 employees across the world.