Following Share Purchases from International Holding Company and ADQ
Reported by Al Khaleej Newspaper
Modon Holding Company announced that Al Emad Holding, a company wholly owned by the Government of Abu Dhabi, has completed the acquisition of shares previously held by both the International Holding Company (IHC) and the Abu Dhabi Developmental Holding Company (ADQ). As a result, Al Emad Holding now owns 84.76% of Modon’s total shares.
This transaction aligns with Abu Dhabi’s strategic direction to enhance investment in the real estate development and infrastructure sectors, ensuring the optimal utilization of resources—particularly in urban and developmental projects that support the emirate’s sustainable economic growth.
The deal also strengthens Modon’s innovative approach to urban development, as the company continues to design exceptional and forward-thinking experiences through its core business sectors, which span hospitality real estate, asset management, investments, events, and tourism. Modon remains committed to building modern, sustainable, and smart communities that promote an interconnected lifestyle.
Previously, IHC announced the sale of its entire 42.54% stake in Modon Holding to Al Emad Holding, wholly owned by the Government of Abu Dhabi. The sale was carried out in line with IHC’s investment distribution framework, which ensures that the company’s exposure to any single sector does not exceed 20%.
The move supports IHC’s goal of balancing its investments in the real estate and construction sectors, while redirecting capital toward high-growth opportunities in fields such as healthcare, technology, energy, food and agriculture, financial services, and related industries, in line with its diversification and sustainable growth strategy.
Capital Allocation Discipline
Sayed Basar Shueb, CEO of IHC, commented:
“This step reflects our disciplined approach to capital allocation and our commitment to maintaining a balanced and diversified investment portfolio. While we continue to see strong fundamentals and attractiveness in the real estate sector, our strategy focuses on distributing investments to avoid excessive concentration in any one area. The capital generated from our divestment in Modon Holding will enhance liquidity and enable us to accelerate investments in other high-potential growth sectors, where we see promising opportunities for sustainable, long-term value creation for our shareholders.”
IHC will continue to evaluate promising opportunities across various sectors, leveraging its strong track record in creating and scaling investment platforms that sustain stable cash flows, foster innovation, and deliver long-term value to all stakeholders.
In a disclosure to the Abu Dhabi Securities Exchange (ADX), Alpha Dhabi Holding confirmed that its subsidiary, Sublime Commercial Investment – Sole Proprietorship LLC, has successfully sold its 8.5% stake in Modon Holding for AED 5.35 billion.