Abu Dhabi-based International Holding Company (IHC) has acquired a major stake in Al Qudra Holding, a regional group with major interests in real estate and hospitality. This comes following the transfer of shares in the recent Al Tamouh-Al Qudra merger.
ABU DHABI, 20th December, 2021 (WAM) International Holding Company (IHC) has announced today the acquisition of a majority and controlling stake in Al Qudra Holding PJSC (AQH).
The acquisition will enable IHC to broaden its portfolio in the real estate, services, and hospitality area. Al Qudra Holding has built out a large portfolio of customers since its founding in 2005, including Manarah Bay, a multi-usage project covering about 52,000 square metres, in Abu Dhabi and Barary Ain Al Fayda Development in Al Ain, a.
Abu Dhabi-based International Holding Company (IHC) has agreed to the merger of its real estate subsidiary Al Tamouh Investments with Al Qudra Holding. A top investment group, Al Qudra has interests in key sectors such as oil and gas and hospitality.