International Holding Company: We do not intend to sell our stake in Aldar Properties
Abu Dhabi, 6 November / WAM / International Holding Company, which specializes in building vital partnerships to enhance value and achieve growth, confirmed today that it does not intend to sell its stake in Aldar Properties PJSC.
The International Holding Company currently holds a majority stake in Aldar Properties through its subsidiaries.
The company confirmed that Aldar represents a long-term strategic investment within its diversified portfolio, which reflects its continued commitment and firm confidence in the growing and sustainable real estate sector in the Emirate of Abu Dhabi.
A statement said, “While the International Holding Company continues its commitment to its comprehensive strategy aimed at improving the portfolio and implementing thoughtful exit operations, it has confirmed that it does not intend to sell its stake in Aldar Properties.”
Aldar Properties is one of the leading companies in the field of real estate development in the Emirate of Abu Dhabi, as it is at the forefront of efforts aimed at innovation, sustainability and urban transformation in the region.
As one of the leading companies in the real estate development sector in the region, Aldar continues to provide exceptional value to shareholders, in addition to its effective contribution to supporting the economic diversification agenda of the UAE.
Sayed Basr Shuaib, CEO of International Holding Company, said: “We emphasize the company’s strategy of its firm commitment to supporting Aldar, and we are confident that the company is capable of continuing its prominent role in shaping the real estate scene in Abu Dhabi, and effectively contributing to advancing the process of sustainable development in the UAE.”
According to the statement: This confirmation embodies the long-term investment philosophy pursued by “International Holding” and its strategic focus on sectors that effectively contribute to national economic growth and diversification.
The company also continues to follow a disciplined approach to capital allocation, with a focus on creating value and achieving sustainable growth within its global investment portfolio.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
