Alpha Dhabi increases stake in Aldar, becoming the Parent Company and Cementing Status as Single Largest Shareholder
Abu Dhabi, UAE; 28 June 2022: Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), has increased its stake in Aldar Properties PJSC, one of the leading real estate developers and managers in the UAE, reaffirming its position as the single largest shareholder and consequently becoming Aldar’s parent company.
Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact of which will be reflected in its financial results for Q2 2022 onwards. The additional shareholding came through the acquisition by Alpha Dhabi of an entity already holding shares in Aldar, which comes after necessary regulatory approvals.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, commented: “We are firm believers and supporters of Aldar’s equity story, vision and strategy as well as the positive and strong strides it continues to make in growing and scaling its platforms. As a long-term strategic shareholder, Alpha Dhabi will continue to support Aldar’s management team as they execute its transformational growth agenda.”
'The macro-economic environment across the UAE and the region remains strong, supported by a rise in oil prices and with it, sustained economic growth. There have been a number of economic, social and regulatory policies and initiatives that have bolstered the UAE’s status as a premier destination to live, work and visit, thereby increasing the demand for real estate. The result is an in-demand asset class across the UAE, the key market in which Aldar operates, as well as new markets it has recently entered into such as Egypt.”
As a leading regional real estate developer and manager, Aldar continues to deliver strong financial performance and shareholder returns, driven by its maturing Abu Dhabi business and its diversified asset base. Aldar is pursuing a transformational growth agenda, demonstrated by entry into new geographies and asset classes, as well as robust organic growth in its core market in the past 12 months.
Aldar recorded its highest-ever annual development sales in 2021, doubling from the previous year’s sales, and has expanded its land bank in the UAE. Additionally, Aldar entered the high-potential Egyptian market as well as enhancing its UAE diversification through its expansion to Ras Al Khaimah, which has emerged from the pandemic as a key investment destination. The company also made its first entry into the logistics real estate sector with regional expansion plans in place. Moreover, Aldar is attracting investment from global leaders like Apollo, which recently invested $1.4bn of strategic growth capital through a monetisation of Aldar’s long-term land bank and equity investments into its flagship investment properties platform. Looking ahead, this funding as well as existing cash and facilities will be deployed to realise the company’s growth ambitions.
Home >> Business and Economy Section
Abu Dhabi Art Announces Beyond Emerging Artists Programmes for 2025
Casio to Release MR-G Inspired by the World's Largest Frog
Titan Eye+ to offer free eye-screenings to students at 10 GEMS Education schools
du becomes UAE's first telecom operator to achieve ISO 20400 certification for s ...
Etihad Reports June 2025 Traffic Statistics
Why Catrice's Blushin' Charm is the One Thing You Need as Your Travel Essential
Hourglass cosmetics redefines the art of self-expression with the launch of an i ...
Abu Dhabi Quality and Conformity Council Organises a Strategic Retreat to Review ...
The Department of Culture and Tourism - Abu Dhabi's July Events Round Up - Festi ...
Al Masaood Automobiles Offers Exclusive First Look at 2026 Nissan Patrol NISMO F ...
UAE Circular Economy Council discusses policies to accelerate shift to circular ...
Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!
Christophe Robin's Summer Travel Essentials for Good Hair Days
Cleveland Clinic Abu Dhabi Performs First Robotic Lung Transplant in the Gulf Re ...
Abu Dhabi Chamber Membership Rises 4.9% to 157,000+ Companies
Abu Dhabi Motors celebrates 40 years of automotive excellence and innovation wit ...
Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France
UAE Participates in BRICS Finance Ministers and Central Bank Governors Meeting u ...
IATA Comments on Misguided Solidarity Levy Proposal
Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Priz ...