Alpha Dhabi Holding Eyes Debt Raise to Fuel Local Investments
Posted on 12/22/2021
Alpha Dhabi Holding PJSC is looking at tapping debt markets as part of plans to invest as much as 8 billion dirhams in sectors ranging from hospitality to petrochemicals. Alpha Dhabi Holding would seek to invest capital in private and public assets in the United Arab Emirates as part of its new strategy.
Alpha Dhabi Holding wants to tap into debt markets in order to take advantage of low interest rates. Alpha Dhabi Holding is also looking at investments in the U.S., India, Pakistan, North Africa, and the Middle East. Zooming in, Alpha Dhabi Holding is looking at hotel assets, as well as renewable energy assets and petrochemical businesses.
Alpha Dhabi Holding also plans to invest circa 1 billion dirhams in Abu Dhabi Chemicals Derivatives Co. Ltd., known as TA’ZIZ, as part of a wider expansion strategy. TA’ZIZ, a joint venture between Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Developmental Holding Company PJSC (ADQ).
Hotels
In June 2021, International Holding Company’s (IHC) subsidiary Alpha Dhabi Holding 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 2.5 billion dirhams, following a previously announced 1.7 billion dirham 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. Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel venture after establishing the renowned Cheval Blanc Courchevel in France.
