AL Qudra Holding's Ain al Fayda, a family recreation centre in Al Ain. The Abu Dhabi company has allocated Dh8 billion to invest in property, hospitality, health care and petrochemicals and other "promising sectors" in the UAE and abroad. Paolo Rossetti / The National
AL Qudra Holding's Ain al Fayda, a family recreation centre in Al Ain. The Abu Dhabi company has allocated Dh8 billion to invest in property, hospitality, health care and petrochemicals and other "promising sectors" in the UAE and abroad. Paolo Rossetti / The National
AL Qudra Holding's Ain al Fayda, a family recreation centre in Al Ain. The Abu Dhabi company has allocated Dh8 billion to invest in property, hospitality, health care and petrochemicals and other "promising sectors" in the UAE and abroad. Paolo Rossetti / The National
AL Qudra Holding's Ain al Fayda, a family recreation centre in Al Ain. The Abu Dhabi company has allocated Dh8 billion to invest in property, hospitality, health care and petrochemicals and other "pro

Alpha Dhabi acquires 25% Al Qudra Holding stake as part of $2.17bn investment push


Deena Kamel
  • English
  • Arabic

Alpha Dhabi Holding, a subsidiary of Abu Dhabi-listed conglomerate International Holding Company, acquired a 25.24 per cent stake in Al Qudra Holding as part of its strategic investment plan.

The business strategy of the Abu Dhabi Al Qudra makes it an ideal fit for Alpha Dhabi Holding's growth, it said in a statement on Tuesday to the Abu Dhabi Securities Exchange, where its shares are traded.

"Al Qudra’s business strategy is a perfect fit for ADH. This acquisition will add considerable shareholder value as we continue investing in carefully selected industries with sustainable growth potential, as the company is active in unique investment opportunities and has facilitated the development of various projects that meet the local and regional market needs," said Hamad Al Ameri, managing director and chief executive of Alpha Dhabi Holding.

The move to acquire Al Qudra Holding is in line with Alpha Dhabi Holding's expansion plan and future strategy. The company last year allocated Dh8 billion ($2.17 billion) to invest in property, hospitality, health care and petrochemicals and other "promising sectors" in the UAE and abroad.

"ADH has built an Dh8bn investment fund to boost its portfolio by developing, acquiring and investing in companies that reflect our own commitment to both customers and shareholders," Mr Al Ameri said. "Investments like these offer huge potential for adding to our progress and growth in the construction, health care, hospitality, industry, chemicals and investment fields.”

Al Qudra Holding focuses on sustainable development in the region and investing in fundamental growth sectors including real estate, services, hospitality and diversified investments.

Last month, Al Qudra Holding completed the acquisition of Tamouh Investments from International Holding Company with consideration of mandatory convertible bonds worth Dh2.24bn, which will be converted into issued share capital of AI Qudra. Tamouh Investments is a primary developer of key projects in Abu Dhabi, including Marina Square, City of Lights, Fantasy Island and the Royal Group headquarters.

On Monday, Alpha Dhabi Holding bought an additional 17 per cent stake in Aldar Properties after it acquired Sublime 2, Sogno 2 and Sogno 3. The deal brings Alpha Dhabi Holding's overall stake in Abu Dhabi’s biggest developer to 29.8 per cent and significantly expands its property portfolio.

Alpha Dhabi, which has a market value of Dh273bn and was previously known as Trojan Holding, has grown into a regional conglomerate with interests in construction, health care, hospitality and industry after completing a series of acquisitions in 2021.

UAE currency: the story behind the money in your pockets
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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
While you're here
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
While you're here

Michael Young: Where is Lebanon headed?

Kareem Shaheen: I owe everything to Beirut

Raghida Dergham: We have to bounce back

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Why does a queen bee feast only on royal jelly?

Some facts about bees:

The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer

The life cycle of a worker bee is from 40-60 days

A queen bee lives for 3-5 years

This allows her to lay millions of eggs and allows the continuity of the bee colony

About 20,000 honey bees and one queen populate each hive

Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.

Apart from honey, five other products are royal jelly, the special food bees feed their queen 

Pollen is their protein source, a super food that is nutritious, rich in amino acids

Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments

Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive,  protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts

Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain

Honey, royal jelly, pollen have health enhancing qualities

The other three products are used for therapeutic purposes

Is beekeeping dangerous?

As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.

“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”

 

 

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Updated: January 04, 2022, 7:42 AM`