International Holding Company, the global diversified Abu Dhabi-based conglomerate, has announced a $500 million investment in Alpha Dhabi by GQG Partners, a prominent global asset management firm.

 

This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the Abu Dhabi Securities Exchange (ADX) as a platform for high-quality, long-term investments. GQG Partners’ commitment underscores a strategic interest in the Abu Dhabi market, recognising it as a region with compelling growth opportunities and resilience.

 

Rajiv Jain, Founder and Chief Investment Officer of GQG Partners, said: "Alpha Dhabi has grown revenue and earnings at a significant rate over the past few years and we feel is very well positioned over the long run. The valuations have also come off despite this growth. With a market cap of about AED112.2 billion ($30.55 billion), it’s a business of meaningful size in the industry, globally. We are quite excited about the longer-term headroom the company has in the region. We also are excited to continue our engagement with Abu Dhabi more generally, which we believe has good GDP growth potential with solid fundamentals."

 

Resilience and growth potential

Syed Basar Shueb, CEO of IHC, commented: “Despite recent stagnation in the overall ADX, individual companies like Alpha Dhabi have demonstrated strong performances. This resilience and growth potential in specific sectors within the Abu Dhabi market have likely contributed to GQG's investment decision.  GQG Partners has a preference for investing in high-quality stocks that offer stability and growth potential. This aligns with Alpha Dhabi's performance as one of the best-performing companies on the ADX, making it an attractive investment opportunity.”

 

Jain added: "Investing in Abu Dhabi aligns with our strategy of seeking high-quality assets in countries with strong fundamentals. We believe that the market's strategic value will continue to grow. GQG Partners has established a new investment hub in the Abu Dhabi Global Market, highlighting the region's importance for capital markets and the global asset management industry. This move signifies our commitment to expanding our presence in key markets and leveraging the strategic value of Middle East and Abu Dhabi's financial ecosystem.”--TradeArabia News Service