Alpha Dhabi Holding acquires 25% of Al Qudra Holding
Alpha Dhabi Holding has declared an intent to consolidate its position as a considerable contributor to the economy of the UAE
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Alpha Dhabi Holding has declared an intent to consolidate its position as a considerable contributor to the economy of the UAE
Alpha Dhabi Holding, a key investment company with interests in construction and hospitality sectors, has acquired a 25.2 per cent stake in UAE-based Al Qudra Holding, as part of its AED8 billion ($2.2 billion) strategic investment plan for the emirates.
Alpha Dhabi Holding PJSC (ADH),the Abu Dhabi-based conglomerate and ADX-listed company, said that it will be investing about AED1 billion ($272 million) in the Abu Dhabi Chemicals Derivatives Company RSC Ltd, known as Ta’Ziz.