Press releases, Reports & Disclosures for Alpha Dhabi Holding PJSC

Alpha Dhabi Holding PJSC (ADH) has completed the sale of a 49% stake in its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment company. ADH retains a 51% share in ADCH, maintaining its involvement in the construction sector through this strategic partnership. ADCH, led by ADH subsidiary Trojan Construction, is known for its role in national development projects in the UAE, including the Zayed National Museum and the Guggenheim Museum, as well as large-scale residential projects. The partnership aims to enhance ADCH’s industry leadership and support Abu Dhabi’s growth through combined expertise. Hamad Al Ameri, CEO & MD of ADH, expressed enthusiasm for the collaboration, highlighting its potential to advance national development and improve project execution. The agreement comes amid significant investments in Abu Dhabi’s construction sector to boost housing, employment, and economic diversification. Alpha Dhabi Holding, established in 2013, is a prominent UAE investment company with over 250 businesses across various industries, employing more than 95,000 people.

On September 9, 2024, OCI Global (Euronext: OCI), a major global producer and distributor of hydrogen products, announced that it has reached an agreement to sell 100% of its equity interests in its Global Methanol Business. The transaction is expected to close in 2025, pending antitrust regulatory approvals, customary closing conditions, and OCI shareholder approval. As part of this transaction, Alpha Dhabi Holding PJSC will exit its 11% equity stake in OCI's Global Methanol Business, known as OCI Clean Fuels Limited.

Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has signed an agreement to acquire a 100% equity stake in EV Holdings Ltd. for approximately $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector, with a presence in 36 countries. This acquisition aligns with Enersol's strategic vision to become a technology-centric investment platform and marks its third acquisition, bringing total commitments to around $550 million since inception. The transaction is subject to regulatory approvals and closing adjustments.

ALPHA DHA BI HOLDING PJSC has released a review report and interim condensed consolidated financial statements for the six-month period ending on June 30, 2024. These statements are unaudited.

The text pertains to a discussion and analysis by the management regarding the financial period ending on June 30, 2024, scheduled for July 31, 2024. It is related to investor relations and is identified by a Docusign Envelope ID: 87FC8DEC-5698-4480-AAD1-5DEEEDA2D4D8.