The Board of Directors of Alpha Abu Dhabi Holding announced the allocation of a financial budget of 8 billion dirhams ($2.18 billion) for the company’s investment plan in various vital and strategic sectors.
The company said in a statement on the Abu Dhabi Financial Market today, Thursday, that this strategy comes within the framework of the company’s expansion plans in the future to invest in various vital and strategic sectors inside and outside the UAE, such as real estate, hospitality, health care, petrochemicals and other promising sectors.
The Managing Director and CEO of Alpha Abu Dhabi Holding Company stated: “In the third quarter of 2021, the company achieved revenues of 11.425 billion dirhams within 9 months, equivalent to an annual growth of 341% compared to the previous year, driven by its investments in a variety of leading companies in various regions. sectors.
The Board of Directors confirmed that the company will continue its strategies for growth in vital sectors and expand its investment portfolio in many sectors, including the real estate and construction sectors, which will enhance the value of shareholders’ returns.
Alpha Abu Dhabi Holding owns 12% of Aldar Properties, which manages a portfolio of AED 20 billion in diversified real estate assets.
And Alpha Abu Dhabi continued: “Based on the increasing demand and value of real estate in the country after the emergence of signs of recovery in the real estate market in the UAE this year, we are working to follow new trends to keep pace with developments in the sector in order to enhance and develop its investments.”
Since its listing on the Abu Dhabi Securities Exchange in June 2021, Alpha Abu Dhabi Holding has continued its path of growth through a series of strategic acquisitions and investments that reinforce the company’s commitment to building a broad investment portfolio by developing, acquiring and investing in start-up companies, supporting innovation and diversity and full commitment to All our customers and shareholders, while maintaining a sustainable business infrastructure.
