On November 6, International Holding Company announced it has no plans to sell its controlling stake in Aldar Properties PJSC, which it holds through its subsidiaries.
The company declared that Aldar is a strategic, long-term investment in its diverse portfolio, showcasing its unwavering commitment and confidence in Abu Dhabi’s flourishing and sustainable real estate market.
The company stated, “International Holding Company remains committed to its overall strategy of portfolio enhancement and strategic exits but confirms no intention to divest its stake in Aldar Properties.”
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Aldar Properties is a leading real estate firm in Abu Dhabi, consistently delivering exceptional value to its shareholders and actively supporting the UAE’s economic diversification efforts.
Syed Basar Shuaib, CEO of International Holding Company, stated: “We reaffirm our unwavering commitment to backing Aldar and are confident in its ability to continue leading the real estate sector in Abu Dhabi and contributing to sustainable development in the UAE.”
The statement highlighted that this assurance aligns with Global Holdings’ long-term investment philosophy and strategic focus on sectors that significantly support national economic growth and diversification.
The company also adheres to a disciplined capital allocation strategy, aiming for value creation and sustainable growth within its international investment portfolio.
