Abu Dhabi's IHC boosts stake in Aldar with new acquisition deal
Abu Dhabi’s IHC boosts stake in Aldar with new acquisition deal ABU DHABI, 4 hours, 7 minutes ago International Holding Company (IHC), one of Abu Dhabi’s leading business conglomerates, said it has completed the purchase of a 45 per cent stake in Alpha Dhabi Holding (formerly Trojan Holding). With this deal, IHC will become a shareholder in Aldar Properties as Alpha Dhabi had bought a key stake in the Abu Dhabi developer last month. The transaction follows the IHC board meeting disclosure last month. CEO and Managing Director Syed Basar Shueb said: "The acquisition of a substa...
Source: tradearabia.com