The Global Holding Company has announced that it has no intention of selling its stake in Aldar Properties. Currently, the Global Holding Company maintains a majority ownership in Aldar through its subsidiaries. The company emphasized that Aldar represents a long-term strategic investment within its diverse portfolio, reflecting its ongoing commitment and strong confidence in the growing and sustainable real estate sector in Abu Dhabi.
The Global Holding Company reiterated its dedication to its comprehensive strategy aimed at enhancing its portfolio and executing well-planned divestments, emphasizing that it does not intend to part with its stake in Aldar Properties.
According to Syed Baser Shuaib, the CEO of the Global Holding Company: “We affirm our company’s strategy with a steadfast commitment to supporting Aldar. We are confident that the company can continue to play a significant role in shaping the real estate landscape in Abu Dhabi and actively contribute to the sustainable development of the UAE.” This statement embodies the long-term investment philosophy adopted by Global Holding, along with its strategic focus on sectors that effectively contribute to national economic growth and diversification. The company continues to follow a disciplined approach in capital allocation, focusing on value creation and achieving sustainable growth within its global investment portfolio.