The offering is expected to comprise of a sale of existing ordinary shares to individuals and other investors in the UAE and to qualified institutional and other. Alpha Dhabi. which has Dhs10bn in paid-up capital, was incorporated in 2013 and operates across five main verticals – industries, healthcare, investments with partners, construction and hospitality. Its long-term strategy is one of being a diversified holding company through which it seeks to grow by acquiring businesses across the industrial and hospitality sectors, in addition to other partnerships. In June 2021, the company acquired assets from privately held Murban Energy, valued at Dhs2.5bn, 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. It also acquired 12.1 per cent stake in Aldar Properties earlier this year.
The journey to become a public company in a way that’s going have a positive reflection on growth plan, and as a public company it will have a stronger capital structure to invest in additional verticals, expand commercially and accelerate growth both organically and through acquisitions. 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 per cent jump in first quarter revenue and gaining a listing on a major stock exchange will enhance its already strong platform and reputation.