Alpha Dhabi sells 8.5% Modon stake to Abu Dhabi government’s L’imad Holding

Abu Dhabi’s Alpha Dhabi Holding is selling its entire stake of 8.5 per cent in Modon Holding to L’imad Holding Company, a wholly owned entity of the Abu Dhabi Government.

On Thursday, International Holding Company (IHC) had also sold its entire 42.54 per cent shareholding in modon to L’imad as part of a broader strategic portfolio realignment.

After completing the acquisition of shares owned by IHC, Abu Dhabi Development Holding Company (ADQ) and Alpha Dhabi, L’imad Holding now owns 84.76 per cent of Modon Holding shares.

In a statement, Modon said the transaction “supports Modon on its innovative path in urban development and its confidence to deliver world-class destinations and experiences through its core business sectors that include Real estate, Asset Management, Hospitality, and Events, Catering & Tourism. Modon Holding continues its commitment to building modern urban communities that provide a sustainable, smart, and connected lifestyle”.

“This transaction reflects our strategy to invest primarily in Abu Dhabi-based companies that are, or have the potential to become, regional and global champions and exit to deliver superior returns for shareholders,” Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said.

“We will continue to recycle capital as part of rebalancing our portfolio and ensuring that we have sufficient liquidity to pursue both organic and inorganic opportunities.”

Al Ameri added that Alpha Dhabi is actively supporting the growth of its portfolio companies, building scale, diversifying the platform, and creating synergies across businesses.

This transaction is a deliberate, strategic move as part of Alpha Dhabi’s active portfolio management programme. The divestment is aimed at maintaining balanced exposure across sectors and geographies, while unlocking additional liquidity to support the Group’s diversified growth strategy.

Since Alpha Dhabi’s acquisition of its stake in Modon, the company has rapidly scaled to a market-leading position. In FY2024, Modon delivered multi-billion-dirham revenues and strong profitability, with momentum continuing into the first half of 2025.

The period also saw record real estate sales and a robust revenue backlog, underscoring the resilience and positive outlook of Modon’s platform.