BBN Report
One of largest deal in UAE is valued at AED3.5 bn
ABU DHABI/March 31-2021: Alpha Dhabi Holding subsidiary, Sublime Commercial Investment, has acquired a 12.21 per cent strategic stake in Aldar Properties from Mubadala Investment Company.
The transaction, which involved the transfer of 960 million shares in a block trade valued at AED3.5 billion at AED3.67 apiece, is one of the largest private share purchases in a UAE listed company, and was carried out by International Securities and ADCB Securities.
Alpha Dhabi Holding is an Abu Dhabi-based investment firm managing a diversified portfolio of listed and unlisted equities in both local and regional markets.
Mubadala to remain largest shareholder
Mubadala will remain Aldar’s largest shareholder at 25 per cent and continues to be a long-term strategic investor. It supports Aldar’s growth as a national real estate champion with the highest market cap in the real estate sector, acting as a key driver for Abu Dhabi’s economic diversification.
Aldar continues to produce robust operational and financial performance and has delivered consistent and progressive shareholder returns for over a decade.
Institutional investor interest in Aldar reflects confidence in the Abu Dhabi real estate sector and Aldar’s central role in implementing the Emirate’s economic diversification strategy.
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.
$232 bn portfolio
Mubadala’s $232 billion (AED853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. The company leverages its deep sectoral expertise and long-standing partnerships to actively source deals.
In the UAE, Mubadala is driving sustainable growth by optimising scale and efficiency, supporting the continued diversification and global integration of the local economy while growing its shareholder value.
Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
