Clyde & Co Advised Alpha Dhabi On Construction Unit Sale To ADQ Developmental Holding
It is considered one of the fastest-growing investment holding companies in Abu Dhabi.
Global law firm Clyde & Co has advised Alpha Dhabi Holding (ADH) on a 49 percent sale of the share capital of Alpha Dhabi Construction Holding (ADCH) to ADQ Developmental Holding.
ADH, a United Arab Emirates (UAE)-listed conglomerate, was established in 2013 and is one of the fastest-growing Abu Dhabi-based investment holding companies. It has over 90,000 employees and 250 businesses across healthcare, renewable energy, petrochemicals, and industries including real estate, construction, and hospitality.
ADCH and its subsidiary Trojan Construction have handled projects including the Zayed National Museum and the Guggenheim Museum, and infrastructure such as the national railway network. It executes large-scale residential community projects for locally based real estate developers, including Aldar, Modon Properties, and Emaar.
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). They were supported by legal director Krishen Patel (Corporate, Dubai), and Associate Alwyn Mathew (Corporate, Abu Dhabi).