Abu Dhabi – Mubasher: The subsidiary of International Holdings Company (IHC), Alpha Dhabi Holding, started on Sunday trading its shares on the Abu Dhabi Securities Exchange (ADX).
Founded in 2008, Alpha Dhabi Holding, an investment holding company in the UAE, has completed a direct listing for its shares on the ADX, according to a bourse filing on Sunday.
Alpha has a diversified portfolio that manages 25 subsidiary entities across five major verticals, comprising industry, healthcare, capital, construction, and hospitality.
The Chairman of Alpha Dhabi Holding, Mohamed Thani Murshed Al Rumaithi, said: "Today’s listing is a resounding vote of confidence for Alpha Dhabi in our journey of becoming a globally recognised investment holding company and to support our growth plans into our key verticals: industry, healthcare, capital, construction, and hospitality."
Meanwhile, the CEO of ADX, Saeed Hamad Al Dhaheri, commented: "The efforts we have made to incentivise listings and reduce transaction costs as part of our ADX One strategy have rapidly attracted new companies and enhanced market liquidity, as demonstrated by our robust performance this year."
It is noteworthy to mention that in April 2021, IHC completed the acquisition of a 45% stake in Alpha Dhabi Holding, formerly known as Trojan Holding.
