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…
Abu Dhabi sovereign wealth fund Mubadala Investment Company has increased its stake in Aldar Properties, the emirate's leading developer, to 28.03 per cent of the company's shares. This 1 per cent boost, achieved through independent market transactions between May and August, sees Mubadala's investment rise to 78.6 million shares.
Aldar Properties, whose top shareholder is Alpha Dhabi Holding, reported a 10 per cent jump in annual profits in its latest quarter, despite market uncertainty. The developer's sales in the UAE fell by 43 per cent in the second quarter and 34 per cent in the first half of 2026 compared to the same periods in previous years. Despite this, Aldar's portfolio in Egypt and London saw growth of 171 per cent and 236 per cent, respectively, during the same period.
The company is set to continue its development efforts, focusing on luxury and middle-income segments.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Mubadala raises stake in Abu Dhabi developer Aldar thenationalnews.com
