Alpha Dhabi Holding (Alpha Dhabi), a subsidiary of International Holding Company (IHC), one of the Middle East's fastest-growing investment holding companies and a renowned real estate and construction business in the UAE, has finished a direct listing of the Company on the Abu Dhabi Securities Exchange (ADX). On Sunday, its stocks began trading underneath the ticker ALPHADHABI.

The bell-ringing event happened at St Regis at Saadiyat, an Alpha Dhabi hotel complex purchased by the company last month. As stringent health and safety measures were established during the ceremony, only a few members of Alpha Dhabi Holding, IHC, and ADX's management teams decided to participate.

“Today's checklist is a thunderous vote of confidence for Alpha Dhabi in our journey to become a globally recognized investment holding company and to promote our growth plans into our essential verticals: industry, healthcare, capital, construction, and hospitality,” said Mohamed Thani Murshed Al Rumaithi, Chairman of Alpha Dhabi. We are extremely delighted to have received the backing of important institutional and retail shareholders, and would want to acknowledge all of our key stakeholders for assisting us in becoming market-ready.”

“The checklist of Alpha Dhabi on the Abu Dhabi Securities Exchange marks a significant vote of confidence in our exchange and underlines the success of the ‘ADX One' strategy in establishing a vibrant equity and debt capital market environment,” said Mohamed Ali Al Shorafa Al Hammadi, Chairman of ADX. The ADX is a key pillar of the Emirate's objectives to expand its economy and develop a business climate that fosters innovation and offers possibilities for long-term prosperity for investors.”

“That's an extremely momentous day for Alpha Dhabi,” said Syed Basar Shueb, CEO and Managing Director of IHC. As a significant stakeholder, we would like to congratulate the entire management team and staff who have worked so hard to make today a reality. The firm has enormous potential and is presently embarking on a very exciting expansion process. This listing would support the completion of this process. We would also like to thank the ADX for laying the groundwork for Alpha Dhabi to list its shares.”

“We are happy to welcome Alpha Dhabi to the Abu Dhabi Securities Exchange, the 99th listing on our fast-growing exchange,” said Saeed Hamad Al Dhaheri, CEO of ADX. As seen by our strong success this year, our initiatives to incentivize listings and decrease transaction expenses as part of our ADX One strategy have swiftly captivated new companies and increased market liquidity. The exchange's market capitalization hit a record of over Dhs 950 billion in the first five months of 2021, and our standard equity index has now become the world's fourth-best performing stock measure.”

Salem, Hamad “Today marks a very significant milestone for Alpha Dhabi, and I am proud of the team and their devotion to our objective of being one of the renowned investment holding companies in the UAE,” said Mohammed Saeed Al Ameri, Managing Director of Alpha Dhabi. We also had strong revenue growth in the first quarter, and we recently completed significant purchases as part of our expansion plan. There is more and we are optimistic about the second half of 2021 and beyond.”

Following the list, Alpha Dhabi's Board of Directors now includes Chairman Mohamed Thani Murshed Ghannam Alrumaithi, Vice Chairman Syed Basar Shueb, and Hamad Salem. Mohammed Saeed Alameri, Managing Director and Board Member Sofia Abdellatif Lasky and Sultan Dahi Sultan Maasam Al Hemeiri.

Alpha Dhabi Holding (previously Trojan Holding) was founded in 2008 and is one of the Middle East's swiftest growing holding companies, with investments and developments spanning a wide range of sectors, including construction and real estate, hospitality, healthcare, infrastructure, and transportation projects. St Regis Saadiyat, Cheval Blanc Randheli resort in the Maldives, Waters Edge, Palm Tower, Deira Waterfront, Jabal Hafeet mass housing project, and Etihad Railway are among the properties. The company, which employed approximately 40,000 people, is focused on real estate holdings and assets that underpin the nation's infrastructure. This has just worked to develop a diverse portfolio that manages, deploys, and organizes a wide range of entities in the Construction, Hospitality, Industrial, and Capital sectors.

IHC was established in 1998 as part of an attempt to diversify and expand the UAE's non-oil commercial sectors. The ADX-listed business strives to execute sustainability, innovation, and economic diversification projects throughout what may be also one of the region's largest conglomerates, following 'Abu Dhabi's Vision 2030.'

IHC's overarching goal is to expand its portfolio through acquisitions, strategic investments, and company combinations. IHC, which consists of more than 30 businesses, strives to increase and diversify its interests in an increasing variety of industries, including Real Estate, Agriculture, Healthcare, Food and Beverage, Utilities, Industries, IT and Communications, Retail, and Leisure, and Capital.

IHC pursues operational synergies and maximizes cost savings across all verticals as part of a fundamental strategy to increase shareholder value and achieve growth. This also continues to assess investment opportunities through direct ownership and forming collaborations in the UAE and globally.