Alpha Dhabi receives acquisition offer for three subsidiaries

ADX-listed Alpha Dhabi has received an acquisition offer from National Corporation for Tourism and Hotels to snap up three of its subsidiaries, Alpha Dhabi said in a disclosure (pdf) to the ADX. No details on pricing were provided.

Background: Alpha Dhabi had acquired a 36.4% stake in National Corporation for Tourism and Hotels last year in an AED 730 mn transaction. The acquisition made Alpha Dhabi the largest single stakeholder in the company.

In detail: The companies that will be acquired — ADH Hospitality, Murban BVI Holding, and Hill View Resorts Seychelles — were originally part of Murban’s asset portfolio, but were incorporated into Alpha Dhabi’s after it acquired Murban back in 2021.

What’s next: Alpha Dhabi’s board of directors is scheduled to discuss and approve the offer this Thursday, 14 March, the disclosure says.