Mubadala raises stake in Abu Dhabi developer Aldar
Abu Dhabi sovereign wealth fund Mubadala Investment Company has boosted its stake in Aldar Properties as the emirate's biggest developer continues to expand its operations. Mubadala, through its subsidiary Mamoura Diversified Global, has increased its shareholding in Aldar from 27.01 per cent to 28.03 per cent of the company’s issued share capital, Aldar said in a filing on Wednesday to the Abu…
Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, has increased its ownership in Aldar Properties to 28.03 per cent of the company's shares. This rise, from 27.01 per cent, comes after Mubadala made additional purchases of Aldar shares between May 8 and August 11, as reported in Aldar's filing to the Abu Dhabi Securities Exchange.
The 1 per cent increase in Mubadala's stake amounts to approximately 78.6 million shares. Mubadala's subsidiary, Mamoura Diversified Global, is responsible for this shareholding. Aldar clarified that this change in ownership stems from independent market transactions and is not linked to any corporate actions taken by Aldar itself.
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- Mubadala raises stake in Abu Dhabi developer Aldar thenationalnews.com
