Q Holdings has strengthened its growing portfolio of investment assets, by acquiring the entirety of Reem Investments for shares issued in Q Holdings for a total of 5.94 billion dirhams.< /p>
According to the UAE statement, the Chairman of the Board of Directors of Q Holdings, Abdullah Mohammed Butti Al Hamed, explained that the company's acquisition of Reem Investments will be through the issuance of new shares in the company, So that 17.33 of the company's shares are allotted for each share acquired from the shares of the shareholders of Reem Investment Company (share exchange rate).
Butti Al Hamed said that this step comes within the efforts of Q Holdings to increase its investment portfolio, develop its business and develop its performance, in line with the investment plans of the Board of Directors in selected sectors to meet The needs of the local and international market.
In turn, the CEO of Q Holding Company, Majed Fouad Odeh, said that the company's acquisition of Reem Investments comes within the framework of a carefully studied strategic plan to invest in a number of sectors. and areas of local, regional and global interest, and nurture the next generation of entrepreneurs and business leaders.
Odeh added that the company is looking forward to further expansion by following long-term directions and mechanisms approved by the Board of Directors to enhance its position as one of the largest and most important companies operating in the sector. investment.
It is noteworthy that Q Holdings is a private joint stock company established in 2005, and is one of the largest investment companies in the Emirate of Abu Dhabi.