Alpha Abu Dhabi Holding Company, which is listed on the Abu Dhabi Securities Exchange, has increased its stake in Aldar Properties, thus becoming the parent company of Aldar, and consolidating its position as the largest strategic shareholder in it.
According to Arabianet, under this deal, Aldar Properties' financial statements will be fully integrated with Alpha Abu Dhabi Holding, which will reflect on the company's financial results as of the second quarter of 2022.
Alpha Abu Dhabi Holding clarified that increasing its stake in Aldar Properties came through acquiring a company that already owns shares in Aldar.
