Alpha Dhabi Holding plans to increase its debt to fuel local investments

Posted on 12/22/2021

Alpha Dhabi Holding PJSC plans to tap the debt markets under plans to invest up to MAD 8 billion in sectors ranging from hospitality to petrochemicals. Alpha Dhabi Holding is reportedly looking to invest capital in private and public assets in the UAE as part of its new strategy.

Alpha Dhabi Holding wants to tap into the debt markets in order to take advantage of low interest rates. Alpha Dhabi Holding is also considering investments in the United States, India, Pakistan, North Africa and the Middle East. Zooming in, Alpha Dhabi Holding examines hotel assets, as well as renewable energy assets and petrochemical companies.

Alpha Dhabi Holding also plans to invest around MAD 1 billion in Abu Dhabi Chemicals Derivatives Co. Ltd., known as TA’ZIZ, as part of a broader expansion strategy. TA’ZIZ, a joint venture between Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Developmental Holding Company PJSC (ADQ).

In June 2021, Alpha Dhabi Holding, a subsidiary of International Holding Company (IHC), acquired other assets from the private company Murban, including the highly prized Cheval Blanc Randheli complex in the Maldives and Etihad International Hospitality, a management company of ‘facilities.

This brings the value of assets acquired by Alpha Dhabi in Murban to 2.5 billion dirhams, following a previously announced 1.7 billion dirham transaction, which saw Alpha Dhabi take ownership of assets, including St Regis in Saadiyat, Al Wathba Luxury Collection Desert Resorts and Le Noir. Coffee brand. Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel company after having created the famous Cheval Blanc Courchevel in France.

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