UAE-based conglomerate Alpha Dhabi said on Monday it has increased its stake in Abu Dhabi developer Aldar Properties to 29.8% after acquiring an additional 17%.
The increase in ownership came after Alpha Dhabi acquired the entire share capital from three companies: Sublime 2, Sogno 2 and Sogno 3, the company said, without providing any details on the deal value.
Alpha Dhabi also increased its stake in National Marine Dredging Co by 3.38% and acquired 25.24% of Al Qudra Holding as part of the acquisition.
Source: Reuters.com