Abu Dhabi – Mubasher: Alpha Dhabi Holding, a subsidiary of International Holdings Company (IHC), has acquired more assets from the privately-owned company Murban, including Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company.
The transaction has increased the value of assets acquired by IHC's unit from Murban to AED 2.5 billion, according to a recent press release.
Previously, the company has acquired assets, including St Regis at Saadiyat and Al Wathba Luxury Collection Desert Resorts, from Murban at a total value of AED 1.7 billion.
The Managing Director of Alpha Dhabi Holding, Hamad Al Ameri, said: "By adding Emirates International Hospitality, a pioneer facility management company with a broad base of premium clients, we are also becoming more vertically integrated and creating growth opportunities by leveraging our position as part of the wider group of IHC companies."
