Alpha Abu Dhabi Holding has acquired 25.24% of Al Qudra Holding Company, a private joint stock company and one of the largest holding companies whose fields of operation cover various development sectors.

According to Arab Net, since its establishment in 2005, Al Qudra Holding has managed to grow and develop significantly by focusing on sustainable development in the region and investing in key growth sectors.

Engineer Hamad Salem Mohammed Al Ameri, CEO and Managing Director of Alpha Abu Dhabi Holding Company, said: Based on the strategic directives of the Alpha Abu Dhabi Board of Directors, we are always working on studying and evaluating our investment portfolio on an ongoing basis to enhance our success path and seize promising investment opportunities.

He indicated that this investment step is in the interest of our shareholders and reflects our expansion plan in many developing and promising strategic sectors with care and insight, as 'Al Qudra' is a leading investment company. The successful strategy and various development projects that keep pace and meet the needs of the local and regional market.

AlAmiri added: Alpha Medical Holding has allocated an investment fund of 8 billion dirhams to strengthen its portfolio through development, acquisition and investment in companies that reflect its commitment to customers and shareholders alike. This is done in various vital and strategic sectors inside and outside the UAE, such as real estate, hospitality, health care, petrochemicals and other promising sectors.