Abu Dhabi, UAE: IHC’s subsidiary Alpha Dhabi Holding, a fast-growing UAE-based holding company, has acquired further assets from privately owned company Murban, including the sought-after Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company.

This brings the value of assets acquired by Alpha Dhabi from Murban to AED 2.5 billion, following a previously announced AED 1.7 billion transaction which saw Alpha Dhabi assume ownership of assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand.

Hamad Al Ameri, Managing Director of Alpha Dhabi Holding, said: “This latest acquisition further expands Alpha Dhabi’s strong hospitality development division. By adding Emirates International Hospitality, a pioneer facility management company with a broad base of premium clients, we are also becoming more vertically integrated and creating growth opportunities by leveraging our position as part of the wider group of IHC companies.”

Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel venture after establishing the renowned Cheval Blanc Courchevel in France. While an alpine retreat is the antithesis of a Maldivian island, LVMH has succeeded in creating a distinctive tropical property that sits harmoniously in its exotic surroundings. This is the latest in a series of mega-deals that have seen Alpha Dhabi’s become one of the most powerful players in the UAE market.

Alpha Dhabi, which employs over 40,000 people, is involved in the development of a large range of projects, including mixed-use and high-rise property, mass housing and infrastructure.

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Alpha Dhabi Holding

Established in 2008, Alpha Dhabi Holding (formerly Trojan Holding) is one of the fastest-growing construction group of companies in the Middle East.  Its development and construction projects spread across various mixed-use high rise, mass housing, healthcare and infrastructure and transportation projects, including Waters Edge, Palm Tower, Deira Waterfront, Nation Towers, Jabal Hafeet mass housing project and Etihad Railway. With over 40,000 employees, the company is focused on real estate interests and assets that support the infrastructure of the nation.  Recently it has embarked on building a diversified portfolio that manages, deploys, and organises a variety of entities within the Construction, Hospitality, Industrial and Capital verticals.

International Holding Company

IHC was founded in 1998, as part of an initiative to diversify and grow non-oil business sectors in the UAE. Adhering to ‘Abu Dhabi’s Vision 2030’, the ADX listed company endeavours to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates.

IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations.  Comprising more than 30 entities, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Real Estate, Agriculture, Healthcare, Food and Beverage, Utilities, Industries, IT and Communications, Retail and Leisure, and Capital.

With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes, and new opportunities arise, IHC remains focused on resilience, innovation and redefining the marketplace for itself, its clients, and its partners.

Contact details:
Ahmad Ibrahim
Corporate Communication and Media Manager
Ahmad.ibrahim@ihcuae.com 

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