OCI N.V of the Netherlands has entered into a definitive strategic alliance agreement with ADQ Holdings and Alpha Abu Dhabi Holdings.
According to Arabiya Net, within the framework of the alliance, $375 million will be injected for a 15% stake in the Methanol OCI group, and it is planned that the group will be included as a company within the Abu Dhabi Global Market.
The alliance is focused on clean methanol as the fuel of the future, with hydrogen a key feedstock for energy.
It is reported that the companies had signed the initial agreement last November
Despite its recent history, the Abu Dhabi Development Holding Company has recently emerged as the largest holding company in the region, thanks to the size and diversity of its portfolio.
