ABU DHABI (ALETIHAD)
International Holding Company (IHC), the Abu Dhabi-based global investment conglomerate, reaffirmed on Thursday that it has no plans to sell its stake in Aldar Properties PJSC, dismissing recent market speculation about a potential divestment.
In a statement, IHC confirmed that it holds a majority stake in Aldar Properties through its Group companies and that Aldar remains a strategic long-term investment within its diversified portfolio. The company said the reaffirmation underscores its confidence in Abu Dhabi’s resilient real estate sector, which continues to play a vital role in the emirate’s economic diversification drive.
“We remain committed to supporting Aldar as it continues to shape Abu Dhabi’s real estate landscape and drive sustainable development across the UAE,” said Syed Basar Shueb, Chief Executive Officer of IHC.
The company noted that while it remains focused on its broader portfolio optimisation and divestment strategy, Aldar is not among the assets being considered for sale. IHC emphasised that its investment in Aldar reflects its long-term philosophy of backing sectors that meaningfully contribute to national growth and sustainability.
Aldar Properties has been a key player in Abu Dhabi’s transformation, driving innovation, sustainability, and large-scale urban development across the emirate. IHC’s continued stake in the company signals sustained confidence in the UAE’s property market and its growth prospects.
Founded in 1999, IHC has evolved into the most valuable holding company in the Middle East, with a market capitalisation of Dh878.5 billion ($239 billion). The conglomerate oversees more than 1,400 subsidiaries across sectors including asset management, healthcare, real estate, financial services, and technology.
The company said it remains disciplined in its capital allocation, focusing on value creation and sustainable expansion across its global investment portfolio.