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Abu Dhabi approves use of EDE scanners to detect COVID-19 infections
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MIDEAST STOCKS Fresh COVID curbs and US air strike push Gulf stocks lower
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IHC subsidiary Alpha Dhabi completes big Abu Dhabi listing
ABU DHABI, 7 hours, 55 minutes ago UAE-based Alpha Dhabi Holding, a subsidiary of International Holding Company (IHC) and a major investment company, has completed a direct listing of its shares on the Abu Dhabi Securities Exchange (ADX) with a AED10 billion ($2.27 billion) paid-in capital. Trading of its shares commenced today (June 27) under the ticker AlphaDhabi , said the statement from IHC. Established in 2008, Alpha Dhabi Holding is also a leading real estate and construction company in the UAE. It recently embarked on building a diversified portfolio that manages, deploys, and organises 25 subsidiary entities within its five major verticals of industrials, healthcare, capital, construction, and hospitality.
Trading of its shares commenced on Sunday, June 27 under the ticker AlphaDhabi.
Established in 2008, Alpha Dhabi Holding is one of the fastest-growing investment holding companies in the UAE.
“Today’s listing is a resounding vote of confidence for Alpha Dhabi in our journey of becoming a globally recognised investment holding company and to support our growth plans into our key verticals: industry, healthcare, capital, construction and hospitality,” said Mohamed Thani Murshed Al Rumaithi, Chairman of Alpha Dhabi Holding.
The company recently embarked on building a diversified portfolio that manages, deploys, and organizes 25 subsidiary entities within its five major verticals of industrials, healthcare, capital, construction, and hospitality.
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