Alpha Dhabi to divest stake in Aldar

Alpha Dhabi to divest stake in Aldar

Alpha Dhabi Holding is reportedly seeking to sell part of its stake in Aldar Properties. The company, which is listed on the Abu Dhabi Securities Exchange, is expected to divest about 2 percent of its 26.5 percent holding in the developer, Bloomberg reported, citing unidentified sources. The potential deal is likely to raise nearly AED1.5 billion ($400 million), the report said. International Holding Company, chaired by the national security adv…