Alpha Dhabi Holding completed the acquisition of a 9.77% stake in NMDC from AD Ports Group.

Alpha Dhabi Holding, an investment holding company in the MENA region, completed the acquisition of a 9.77% stake in NMDC, a company specializing in engineering, procurement, construction, and marine dredging, from AD Ports Group, a developer and regulator of ports and related infrastructure in Abu Dhabi, for AED1.6bn. “This milestone acquisition underscores our commitment to investing in high-impact industrial verticals that support Abu Dhabi’s diversity and inclusion agenda. Our strategy is rooted in identifying scalable opportunities that align with national priorities and global trends, ensuring that industrial growth is matched by environmental responsibility and the empowerment of all segments of our society," Hamad Salem Al Ameri, Alpha Dhabi Holding Managing Director and Group CEO.