Abu Dhabi, January 4, 2020 (WAM) – Al-Abu Dhabi Holdings today announced the acquisition of a 25.24% stake in Al Qudra Holding Company.

Al Qudra Holdings – a private joint venture – is one of the largest holding companies covering various development sectors. Since its inception in 2005, the company has grown significantly by focusing on sustainable growth in the region. And investment in basic development sectors.

Hamad Salem Mohammed Al Ameri, Engineer, CEO and Managing Director, Alpha Abu Dhabi Holdings, said, “We continue to review and evaluate our investment portfolio based on the strategic guidance of Alpha Abu Dhabi Board of Directors. Improve our success and get promising investment opportunities. ”

He pointed out that this investment move is in the interest of our stakeholders and reflects our expansion plan with care and insight into a number of emerging and promising strategic sectors. Local and regional market requirements.

Al-Ameri added that Alpha Medical Holdings has allocated 8 8 billion to strengthen its portfolio by investing, acquiring and investing in companies that reflect its commitment to clients and shareholders, as well as real estate in a number of key and strategic sectors, both inside and outside the UAE. Defense, petrochemicals and other promising sectors.

In the future, Alpha Abu Dhabi seeks to strengthen its position as a contributor to the UAE economy, in line with a series of “50 projects” efforts to retain the best place for holding, skills, expertise and investment.