Abu Dhabi: Alpha Dhabi plans to boost expansion with USD2.2B...| MENAFN.COM

Monday, 16 May 2022 07:13 GMT

Abu Dhabi: Alpha Dhabi plans to boost expansion with USD2.2B investment


(MENAFN) A subsidiary of Abu Dhabi's International Holding Company titled Alpha Dhabi Holding aims to invest USD2.2 billion throughout multiple industries, in order to enhance development and achieve full expansion.

The firm plans to invest the reserved funds in property, hospitality, healthcare, petrochemicals and “other promising sectors” inside the country and outside it, Alpha Dhabi Holding included in a declaration to the Abu Dhabi Securities Exchange, where its shares are exchanged.

Hamad Al Ameri, managing director and chief executive of Alpha Dhabi Holding announced that “during our board meeting, we approved the expansion of our investment portfolio, a reflection of the company’s shareholder confidence, our leadership’s vision and remarkable growth recorded to date,” adding “we believe that a carefully administered investment ... will help fulfill our responsibility to shareholders, adding value by expanding our diverse portfolio.”

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