Alpha Dhabi to invest AED 9.2 billion in
landmark ‘Alpha Wave Ventures II’ fund

Abu Dhabi, UAE; 19 May 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
made a AED 9.2 billion commitment to invest in Chimera Capital and Alpha Wave’s landmark ‘Alpha
Wave Ventures II’ venture fund which was announced and launched at the beginning of the year.
The total commitment comprises a capital contribution of AED 2.6 billion and undrawn capital
commitment of AED 6.6 billion which will be drawn down over the investment period of the fund.
The venture capital fund – which has already begun making investments – has a global remit, and
will focus on multi-stage private firms, with a concentration on growth stage companies across a
wide range of sectors including artificial intelligence, financial technology, life sciences, consumer
internet and B2B. The fund’s investment emphasis is in line with Alpha Dhabi’s growth strategy,
which is focused, in part, on investment in disruptive technologies as part of the UAE’s ambition to
create a diversified, tech-enabled and competitive economy that fosters a culture of innovation.
The fund will target investments in high growth, tech-enabled and tech-driven businesses that
provide pioneering and innovative solutions to key problems both regionally and globally. As a key
and strategic contributor to the UAE’s economy and diversification efforts, the fund and our
commitment strengthen Abu Dhabi’s position as a hub of innovation and technology and amplify
the country’s growing position as a premier investment destination for international, institutional
and growth capital.
Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, said: "Investment in innovation and technology
remains a core tenet of our growth strategy at Alpha Dhabi. We continually look at investments in
disruptive technologies as a means of advancing our group of operating subsidiaries which include
market leaders in their respective sectors. As a cornerstone and significant investor in this fund, we
are able to firmly demonstrate this commitment to innovation, technology and growth-stage
companies while also adding scale to our investment portfolio and delivering superior returns for
our shareholders.”
The commitment also enhances the scale and weight of our balanced portfolio by adding sector,
geographic and company size diversification while providing Alpha Dhabi with considerable deal
flow and access across key markets including the USA. Furthermore, it supports our commitment to
bring best-in-class technology and innovation to Abu Dhabi and our ecosystem by leveraging
synergies and integrating disruptive technologies into our group of operating subsidiaries, thereby
enhancing their credentials and offerings.