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Al Qudra Holding allows foreigners to own 30% of its shares

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The board of directors of Al Qudra Holding Company, listed on the Abu Dhabi market, has announced the opening of the door to the ownership of shares of the company for non-Emirati citizens with a percentage not exceeding 30% of the issued capital.

This decision came after the approval of the Ordinary General Assembly on 12 December 2021, which approved at its meeting the completion of the acquisition of Al-Tomooh Investments Company for a total value of 2.224 billion dirhams, bringing the total capital to over 5.508 billion dirhams, according to a statement released today by the company.

This opened the door for the trading of its shares listed on the Abu Dhabi Securities Exchange for expatriates and foreigners, after having completed all the procedures and obtained the necessary authorizations from the competent official authorities of the country.

The company confirmed to be in in the process of implementing a number of expansion projects by initiating and implementing new projects and participating in tenders worth more than AED 20 billion.

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