The offer provides a unique opportunity to generate value by bringing together key real estate and hospitality assets, says minister
The offer implies an equity valuation of approximately Dh18.5 billion for Q Holding. Following completion, ADQ and IHC Capital would respectively own approximately 38.7 per cent and 19.4 per cent of the entire issued share capital of Q Holding.
“This proposed offer provides a unique opportunity to generate value by bringing together key real estate and hospitality assets, creating an Abu Dhabi champion that fuels its ambitions. The combined assets would benefit from increased scale and new revenue opportunities that will position it well for future growth,” said Mohamed Hassan Alsuwaidi, UAE Minister of Investment and MD and CEO at ADQ.
“We firmly believe that the proposed transaction of consolidating Abu Dhabi’s leading tourism and real estate assets into Q holding will prove to be significantly beneficial to the growth and development of the industry. We envision this as a strategic alignment that will not only magnify our capacity for exceptional real estate development but also effectively bridge the gap between tourism and real estate sectors that are poised for further growth and expansion,” said Syed Basar Shueb, IHC’s CEO and managing director.
If the board of Q Holding recommends proceeding with the transaction, it will be subject to shareholder and regulatory approvals.
From: Khaleej Times