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  • 19-12-21

    Alpha Dhabi Holding to make investments worth of USD272m in Ta'ziz

    (MENAFN) Alpha Dhabi Holding, a subordinate of Abu Dhabi's International Holding Company, is making investment of Dh1 billion (USD272.3 million) in Abu Dhabi Chemicals Derivatives Company, also referred to as Ta’ziz, as part of its larger extension policy.

    According to the company’s statement to the Abu Dhabi Securities Exchange, where its stocks are exchanged, the investment corresponds with the corporation’s “strategic diversification” around chosen fields, as Ta’ziz is active in Alpha Dhabi’s central sectors of agriculture, energy, healthcare, pharmaceuticals, construction and heavy transportation and chemical industry businesses.

    Based on the managing director and chief executive of Alpha Dhabi, Hamad Al Ameri, “Ta’ziz and its operations in the UAE represent an excellent investment opportunity for Alpha Dhabi Holding.”

    And added, “we foresee our relationship developing into a long-term contributor not only to the nation’s economy, but to the regional and global competitiveness of Alpha Dhabi Holding, Abu Dhabi and the UAE.”

    MENAFN19122021000045013568ID1103395360

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