Abu Dhabi’s Alpha Dhabi Holding is promoting its total stake of 8.5 per cent in Modon Holding to L’imad Holding Firm, an entirely owned entity of the Abu Dhabi Authorities.
On Thursday, Worldwide Holding Firm (IHC) had additionally offered its total 42.54 per cent shareholding in modon to L’imad as a part of a broader strategic portfolio realignment.
After finishing the acquisition of shares owned by IHC, Abu Dhabi Growth Holding Firm (ADQ) and Alpha Dhabi, L’imad Holding now owns 84.76 per cent of Modon Holding shares.
In an announcement, Modon stated the transaction “helps Modon on its progressive path in city improvement and its confidence to ship world-class locations and experiences by way of its core enterprise sectors that embody Actual property, Asset Administration, Hospitality, and Occasions, Catering & Tourism. Modon Holding continues its dedication to constructing fashionable city communities that present a sustainable, good, and related life-style”.
“This transaction displays our technique to take a position primarily in Abu Dhabi-based corporations which can be, or have the potential to develop into, regional and international champions and exit to ship superior returns for shareholders,” Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, stated.
“We are going to proceed to recycle capital as a part of rebalancing our portfolio and making certain that we’ve enough liquidity to pursue each natural and inorganic alternatives.”
Al Ameri added that Alpha Dhabi is actively supporting the expansion of its portfolio corporations, constructing scale, diversifying the platform, and creating synergies throughout companies.
This transaction is a deliberate, strategic transfer as a part of Alpha Dhabi’s energetic portfolio administration programme. The divestment is aimed toward sustaining balanced publicity throughout sectors and geographies, whereas unlocking further liquidity to help the Group’s diversified progress technique.
Since Alpha Dhabi’s acquisition of its stake in Modon, the corporate has quickly scaled to a market-leading place. In FY2024, Modon delivered multi-billion-dirham revenues and robust profitability, with momentum persevering with into the primary half of 2025.
The interval additionally noticed document actual property gross sales and a sturdy income backlog, underscoring the resilience and constructive outlook of Modon’s platform.