Abu Dhabi funding group Worldwide Holding Firm (IHC) has confirmed that it’s going to not pursue the sale of its shareholding in Aldar Properties, reaffirming the developer’s place as a strategic, long-term funding inside its diversified portfolio.
IHC at present holds a majority stake in Aldar Properties by way of its group corporations.
The corporate mentioned Aldar stays a core asset that displays IHC’s continued confidence in rising and resilient Abu Dhabi actual property sector.
IHC guidelines out Aldar sale
Whereas IHC continues to implement a broader portfolio optimisation and divestment technique, it emphasised that the group has no plans to promote its Aldar stake.
Aldar Properties has been a driving drive behind Abu Dhabi actual property improvement, main on innovation, sustainability, and concrete transformation.
As one of many area’s most influential property builders, Aldar performs a pivotal position in delivering worth to shareholders and supporting the UAE’s financial diversification agenda.
Syed Basar Shueb, CEO of IHC, mentioned: “We stay dedicated to supporting Aldar because it continues to form Abu Dhabi’s actual property panorama and drive sustainable improvement throughout the UAE.”
IHC mentioned the choice underscores its long-term funding philosophy and strategic give attention to sectors that contribute to nationwide development and diversification.
The corporate continues to observe a disciplined method to capital allocation, prioritising worth creation and sustainable growth throughout its world portfolio.
