Announced

ADQ to acquire a 50% stake in Eltizam Asset Management Group from International Holding Company for $30m.

Synopsis

ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, agreed to acquire a 50% stake in Eltizam Asset Management Group, a technology-driven investment company, from International Holding Company, an Abu Dhabi-based strategic investment company, for $30m. "Eltizam has a proven record as a successful business model and has an accretive value to ADQ’s portfolio. We have a shared vision with IHC to further enable the company to reach its full potential in its ambition as a leader in facility and property management across the region," Roque Solabarrieta, ADQ Investment Director.

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