Mubadala Sells 12.21% Stake in Aldar Properties to Alpha Dhabi Holding

Posted on 04/01/2021

Alpha Dhabi Holding is an investment firm managing a diversified portfolio of listed and unlisted equities in both local and regional markets. On March 31, 2021, Sublime Commercial Investment, a subsidiary of Alpha Dhabi Holding, acquired a 12.21% strategic stake in Aldar Properties PJSC from Mubadala Investment Company. The transaction, which involved the transfer of 960 million shares in a block trade valued at AED 3.5 billion (3.67 AED/share) or US$ 952,717,000, is one of the largest private share purchases in a UAE listed company and was carried out by International Securities and ADCB Securities.

Mubadala will remain Aldar’s largest shareholder at 25%. Mubadala plans to continue support of Aldar’s growth as a national real estate champion.

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