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Abu Dhabi-based International Holding Company s (IHC) subsidiary acquired a 40 per cent stake in Response Plus Medical Services (RPM) for an undisclosed sum.
RPM, which is a unit of VPS Healthcare, specialises in providing on-site healthcare services in remote work locations and medical emergency transfers.
The deal will allow IHC to expand its reach, scale and expertise , the company said in a statement on Monday to the Abu Dhabi Securities Exchange, where its shares trade.
“With our own primary and secondary care companies and clinics, we will be able to create considerable synergy and support a significant push into the GCC and Africa in the next five years where this type of on-site healthcare management and medical emergency transfers is needed,” Syed Shueb, chief executive and managing director of IHC, said.
Abu Dhabi’s IHC boosts stake in Aldar with new acquisition deal
ABU DHABI, 4 hours, 7 minutes ago International Holding Company (IHC), one of Abu Dhabi’s leading business conglomerates, said it has completed the purchase of a 45 per cent stake in Alpha Dhabi Holding (formerly Trojan Holding). With this deal, IHC will become a shareholder in Aldar Properties as Alpha Dhabi had bought a key stake in the Abu Dhabi developer last month. The transaction follows the IHC board meeting disclosure last month. CEO and Managing Director Syed Basar Shueb said: The acquisition of a substantial stake in Alpha Dhabi Holding will add a significant scale to IHC, the move will increase and diversify our investment vertical, as we continually seek strategic partnerships with local and international players and further strengthen our leadership position in the marketplace.
(Bloomberg) International Holding Co., which has transformed itself into the United Arab Emirates’ second most-valuable listed company, has become one of the biggest shareholders in Abu Dhabi’s largest property developer.Abu Dhabi-based IHC said on Monday it had bought a 45% stake in Alpha Dhabi Holding, but didn’t provide details of the transaction. With the deal, IHC will become a shareholder in Aldar Properties PJSC as Alpha Dhabi acquired a 12.2% stake in the developer last month.“The acquisition of a substantial stake in Alpha Dhabi Holding will add a significant scale to IHC,” Chief Executive Officer Syed Basar Shueb said in a statement. “The move will increase and diversify our investment vertical, as we continually seek strategic partnerships with local and international players.”IHC had started talks to buy Alpha Dhabi, then known as Trojan Holding, in March. The company has amassed a portfolio spanning real estate to utilitie
«Global Holding» acquires 45% of «Alpha Dhabi» archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.
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Abu Dhabi-based International Holding Company (IHC) said it completed a 45 per cent stake purchase in Alpha Dhabi Holding (ADH), a growing real estate and construction sector focused company.
No value for the transaction, which comes after IHC s board meeting disclosure on March 4, 2021, was provided. The acquisition of a substantial stake in Alpha Dhabi Holding will add a significant scale to IHC, Syed Basar Shueb, IHC s chief executive, said in a statement to the Abu Dhabi Securities Exchange, where the company s shares trade. The move will increase and diversify our investment vertical, as we continually seek strategic partnerships with local and international players and further strengthen our leadership position in the marketplace.