{"id":99571,"date":"2025-01-13T00:00:00","date_gmt":"2025-01-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/alpha-dhabi-now-owns-the-majority-of-ncth\/"},"modified":"2025-01-13T00:00:00","modified_gmt":"2025-01-13T00:00:00","slug":"alpha-dhabi-now-owns-the-majority-of-ncth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/13\/alpha-dhabi-now-owns-the-majority-of-ncth\/","title":{"rendered":"Alpha Dhabi now owns the majority of NCTH"},"content":{"rendered":"

Alpha Dhabi completes acquisition of majority stake in NCTH:<\/strong> Alpha Dhabi<\/a>Holding<\/a> finalized its acquisition of a controlling stake in Abu Dhabi's National Corporation for Tourism and Hotels (NCTH), according to an ADX disclosure (pdf)<\/a>, following a planned capital increase<\/a> initially announced in July 2024.<\/p>\n

The details<\/strong>: NCTH raised its capital to AED 2.2 bn, up from AED 899 mn, through the issuance of 1.3 bn new shares, all allocated to Alpha Dhabi Hospitality Holding, a subsidiary of Alpha Dhabi. The shares were issued in exchange for the transfer of assets previously owned by Alpha Dhabi subsidiaries, including ADH Hospitality, Murban BVI Holding, and Hill View Resorts Seychelles.<\/p>\n

Remember:<\/strong> Alpha Dhabi became NCTH\u2019s largest stakeholder in 2023 after acquiring a 36.4% stake<\/a> for AED 730 mn.<\/p>\n

OTHER M&A NEWS-<\/p>\n

UAE-based <\/strong>Nas Investment Holding<\/a><\/strong> intends to submit a mandatory tender offer for an <\/strong>additional 57.5% stake in EGX-listed fertilizers player EgyFert<\/strong>, Egypt\u2019s Financial Regulatory Authority (FRA) said in a statement (pdf)<\/a> yesterday. If accepted, the additional 5.5 mn shares will give Nas a controlling 90% stake in the fertilizer company. Nas Investment Holding now has 60 (-1) days to submit its offer, as per authority regulations.<\/p>\n

The details: <\/strong>The transaction would be valued at EGP 522.5 mn (c. AED 38 mn), with Nas offering to purchase EgyFert\u2019s shares at EGP 95.0 apiece. The offer price is almost exactly in line with the company\u2019s share price of EGP 95.6 at the end of trading last week, but a good 4.6% below the EGP 99.56 by the time the EGX closed yesterday as the shares in the company rose 4.7% following the news. <\/p>\n

Nas has only been a shareholder in the company for just over two months<\/strong>, after the company acquired<\/a> a 32.5% stake in EgyFert back in October, purchasing 3.1 mn of phosphate exporting company MidFert Misr\u2019s shares in the fertilizers producer. The company paid EGP 60 per share, putting the transaction value at some EGP 186.6 mn. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company became NCTH\u2019s largest shareholder in 2023<\/p>\n","protected":false},"author":1,"featured_media":99572,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[103,7,477,60,1023],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-alpha-dhabi","tag-enterpriseam-uae","tag-hospitality","tag-ma-watch","tag-national-corporation-for-tourism-and-hotels","wpautop","entry"],"acf":{"mongo_id":"5e7d568a-b86b-48db-98e2-b6c44e4baf9d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/642.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alpha Dhabi now owns the majority of NCTH","related_issue":[99564],"teaser":"The company became NCTH\u2019s largest shareholder in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.59db2df3-1cdc-4141-bf88-300e27681d5f.mp3"},"yoast_head":"\nAlpha Dhabi now owns the majority of NCTH - 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