- IHC’s Alpha Dhabi acquires hospitality investor Murban for $500m(1.7 billion dirhams).
- Murban holds a minority stake in one of Europe’s biggest ‘Buy now pay later companies.
Al Wathba Luxury Collection Desert Resorts and the Le Noir cafe brand signed an agreement in March, they decided to build a luxury resort in Aceh province, Indonesia.
Alpha Dhabi’s portfolio changed its name from Trojan holding and sold a 45 per cent stake to IHC.
They have stakes in many properties like they bought a stake in Aldar properties, 33 per cent of canal sugar and a stake in Klarna, Europe’s biggest ‘buy now pay later companies.
Though gaining a foothold in Canal Sugar is a real plus point as we add to Abu Dhabi’s long-term food security program UAE National Food Security Strategy 2051.
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