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Alpha Dhabi increases stake in Aldar, becoming the parent company and cementing status as single largest shareholder

Abu Dhabi, UAE; 28 June 2022: Alpha Dhabi Holding PJSC, one of the fastest-growing investment
holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), has
increased its stake in Aldar Properties PJSC, one of the leading real estate developers and managers
in the UAE, reaffirming its position as the single largest shareholder and consequently becoming
Aldar’s parent company.
Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement
its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated
as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact of which will be
reflected in its financial results for Q2 2022 onwards. The additional shareholding came through the
acquisition by Alpha Dhabi of an entity already holding shares in Aldar, which comes after necessary
regulatory approvals.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, commented: “We are firm believers and
supporters of Aldar’s equity story, vision and strategy as well as the positive and strong strides it
continues to make in growing and scaling its platforms. As a long-term strategic shareholder, Alpha
Dhabi will continue to support Aldar’s management team as they execute its transformational
growth agenda.”
"The macro-economic environment across the UAE and the region remains strong, supported by a
rise in oil prices and with it, sustained economic growth. There have been a number of economic,
social and regulatory policies and initiatives that have bolstered the UAE’s status as a premier
destination to live, work and visit, thereby increasing the demand for real estate. The result is an in demand asset class across the UAE, the key market in which Aldar operates, as well as new markets
it has recently entered into such as Egypt.”
As a leading regional real estate developer and manager, Aldar continues to deliver strong financial
performance and shareholder returns, driven by its maturing Abu Dhabi business and its diversified
asset base. Aldar is pursuing a transformational growth agenda, demonstrated by entry into new
geographies and asset classes, as well as robust organic growth in its core market in the past 12
Aldar recorded its highest-ever annual development sales in 2021, doubling from the previous year’s
sales, and has expanded its land bank in the UAE. Additionally, Aldar entered the high-potential
Egyptian market as well as enhancing its UAE diversification through its expansion to Ras Al Khaimah,
which has emerged from the pandemic as a key investment destination. The company also made
its first entry into the logistics real estate sector with regional expansion plans in place. Moreover,
Aldar is attracting investment from global leaders like Apollo, which recently invested $1.4bn of
strategic growth capital through a monetisation of Aldar’s long-term land bank and equity
investments into its flagship investment properties platform. Looking ahead, this funding as well as
existing cash and facilities will be deployed to realise the company’s growth ambitions.