IHC's subsidiary Alpha Dhabi Holding to list on Abu Dhabi bourse

The offering was expected to involve a sale of existing shares to individuals and other investors in the United Arab Emirates and to qualified institutional and other investors

  
Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Image for illustrative purposes

Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Image for illustrative purposes

REUTERS/Stringer

DUBAI- Alpha Dhabi Holding, a subsidiary of International Holding Co, intends to list on the Abu Dhabi Securities Exchange on Sunday, it said on Thursday.

The offering was expected to involve a sale of existing shares to individuals and other investors in the United Arab Emirates and to qualified institutional and other investors, it said.

Alpha Dhabi, which has 10 billion dirhams ($2.72 billion) in paid-up capital, bought a 12.1% stake in Aldar Properties in March. It operates in healthcare, construction and hospitality sectors.

($1 = 3.6728 UAE dirham)

(Reporting by Saeed Azhar; Editing by Edmund Blair) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))


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