Abu Dhabi Royal’s Firm Seeks Stake Sale in Top Developer
The Aldar Properties headquarters in Abu Dhabi.
Photographer: Christopher Pike/BloombergA company controlled by an influential Abu Dhabi royal plans to raise hundreds of millions of dollars by selling part of its stake in the emirate’s largest real estate developer, according to people familiar with the matter.
Abu Dhabi’s Alpha Dhabi Holding PJSC plans to sell part of its 26.5% stake in Aldar Properties PJSC as early as this year, the people said, declining to be identified as the information is confidential. The deal could raise roughly $400 million, one of the people said.