IHC's subsidiary Alpha Dhabi Holding to list on ADX with AED 10 billion paid in capital

International Holding Company (IHC) subsidiary, Alpha Dhabi Holding, one of the fast-growing investments holding companies in the Middle East, announces its intention to proceed with an initial public offering (the “IPO” or the “Offering”) and listing of its ordinary shares (“Shares”) on the Abu Dhabi Securities Exchange (“ADX”) on Sunday 27^th June. The Offering is expected to comprise a sale of existing Shares to individuals and other investors in the UAE (as part of the UAE retail offering) and to qualified institutional and other investors (as part of the qualified investor offering).

Alpha Dhabi Highlights

• Incorporated in 2013, the Company operates across 5 main verticals: industries, healthcare, investments with partners, construction and hospitality.
• The Company’s investment portfolio, local and international, includes 25 subsidiaries and 40,000 employees active in different fields such as but not limited to:

i.       Energy, engineering consultancy, operation and maintenance services

ii.      Operation of commercial, service, real estate, contracting, mining and industrial investment

iii.    Dredging and marine construction

iv.    Forest management, landscaping, animal feed and tourism

v.      Onsite and Digital healthcare management, occupational health solutions and health assessment

• The long-term strategy is to be a diversified holding company through which it seeks to grow by acquiring businesses in the industrial and hospitality sectors, in addition to other partnerships. It recently changed its corporate name to reflect the shift in strategy.
• In March 2021, the Company acquired 12.1% stake in Aldar Properties, which reflects its new strategic direction as well as reaffirming its strong position in the UAE real estate market.
• In June 2021, the Company acquired assets from privately held Murban Energy, valued at AED 2.5 billion, which includes hotels and resorts such as the St Regis at Saadiyat Island and Cheval Blanc Randheli in the Maldives as well as Etihad International Hospitality, a facility management company.
• has AED 10 billion in paid-up capital.

Mohamed Thani Murshed Al Rumaithi, Chairman of Alpha Dhabi Holding, added:

“We have made the journey to become a public company in a way that’s going have a positive reflection on our growth plan, and as a public company we will have a stronger capital structure to invest in additional verticals, expand commercially and accelerate growth both organically and through acquisitions”.

Syed Basar Shueb, CEO and Managing Director of IHC, said:

“We invested in Alpha Dhabi in early 2021 and we have used our sector experience to reorganise, integrate and transform Alpha Dhabi into a leading UAE holding company with special focus on construction and hospitality. The business is growing fast, highlighted by the 30% jump in first quarter revenue and gaining a listing on a major stock exchange will enhance its already strong platform and reputation. We are delighted to have supported its management team to deliver on its Abu Dhabi Stock Exchange IPO.”

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Alpha Dhabi Holding

Established in 2008, Alpha Dhabi Holding (formerly Trojan Holding) is one of the fastest growing holding companies in the Middle East, with Investments and developments spread across the various sectors, construction and real estate, hospitality, healthcare, and infrastructure, and transportation projects Including St Regis at Saadiyat, Cheval Blanc Randheli resort in the Maldives, Waters Edge, Palm Tower, Deira Waterfront, Jabal Hafeet mass housing project, and Etihad Railway. With over 40,000 employees, the company is focused on real estate interests and assets that support the infrastructure of the nation. Recently it has embarked on building a diversified portfolio that manages, deploys, and organizes a variety of entities within the Construction, Hospitality, Industrial, and Capital verticals.

International Holding Company

IHC was founded in 1998, as part of an initiative to diversify and grow non-oil business sectors in the UAE. Adhering to ‘Abu Dhabi’s Vision 2030’, the ADX listed company endeavours to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates.

IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations.  Comprising more than 30 entities, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Real Estate, Agriculture, Healthcare, Food and Beverage, Utilities, Industries, IT and Communications, Retail and Leisure, and Capital.

With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes, and new opportunities arise, IHC remains focused on resilience, innovation and redefining the marketplace for itself, its clients, and its partners. 

Media Contacts
IHC
Ahmad Ibrahim
Corporate Communication & Media Manager
Ahmad.ibrahim@ihcuae.com 

Brunswick Group
Jade Mamarbachi / Dominic Whiting
ihc@brunswickgroup.com 

© Press Release 2021