Dubai: Alpha Dhabi Holding, one of Abu Dhabi’s most prominent enterprises, plans to invest a substantial amount of Dh8 billion in real estate, hospitality, healthcare, and petrochemicals inside and outside of the UAE.
This year, ADH, part of IHC, was involved in several big-ticket deals, notably a 12 percent stake in Abu Dhabi mega-developer Aldar. Having acquired a real estate portfolio valued at Dh20 billion, ADH now seeks to leverage its size even further. In June, it became one of the few IHC-owned companies to list on ADX.
The conglomerate reported nine-month revenue of Dh11.425 billion, representing a 341 percent increase from last year. The Dh8 billion investment plan is a “reflection of the company’s shareholder confidence, our leadership’s vision, and remarkable growth recorded to date,” said Hamad Al Ameri, Managing Director, and CEO.
“As a platform offering huge potential for progress and growth, we are already in discussions with certain groups in promising sectors inside the UAE, and – equally – we will continue our pursuit of strategic international investment opportunities. We believe that a carefully administered investment of Dh8 billion will help fulfill our responsibility to shareholders, adding value by expanding our diverse portfolio.”
In a further statement, the company also said: “ADH is pursuing new directions to keep pace with the sector’s recovery and to build a solid foundation for development and growth.”