Abu Dhabi-based International Holding Company (IHC) has definitively quashed market rumors regarding a potential divestment from Aldar Properties. In an official statement, the conglomerate emphasized its continued commitment to the real estate sector and Aldar’s strategic importance.
Syed Basar Shueb, CEO of IHC, stated, “We remain committed to supporting Aldar as it continues to shape Abu Dhabi’s real estate landscape and drive sustainable development across the UAE.”
The company clarified that while it regularly evaluates its investment portfolio, there are no current plans to sell its shareholding in Aldar. This move underscores IHC’s confidence in Abu Dhabi’s property market and Aldar’s potential for future growth.
IHC’s statement comes at a time of significant market activity, with the company recently [merging its flagship portfolio companies](/dubai/multiply-group-sees-dh195-billion-in-profits-during-q3) into a powerful investment entity valued at approximately Dh120 billion.
The denial of a potential stake sale provides stability to investors and reinforces IHC’s strategic approach to long-term investments in key sectors.
