Clyde & Co advises Alpha Dhabi on sale in construction unit to ADQ

Clyde & Co has advised Alpha Dhabi Holding PJSC (ADH) on the sale of 49 per cent of the entire share capital of Alpha Dhabi Construction Holding LLC (ADCH) to ADQ Developmental Holding LLC (ADQ).

Alpha Dhabi will retain the 51 per cent stake in ADCH, which, along with its subsidiary Trojan Construction, has worked on projects such as the Zayed National Museum and the Guggenheim Museum, and critical infrastructure such as the national railway network. ADCH also successfully executes large-scale residential community projects for locally based real estate developers, including Aldar, Modon Properties, and Emaar.

The transaction is subject to customary closing conditions, including regulatory approvals.

Alpha Dhabi Holding PJSC (ADH), a UAE listed conglomerate, was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 90,000 employees and 250 businesses spread across healthcare, renewable energy, petrochemicals, and other industries such as real estate, construction, and hospitality.

Clyde & Co acted as lead counsel to ADH. The team was led by partner and head of corporate – Middle East, Naji Hawayek (Dubai) and legal director Matthew Gearing (corporate, Abu Dhabi) who were supported by legal director Krishen Patel (corporate, Dubai), and associate Alwyn Mathew (corporate, Abu Dhabi).