Latest news with #HamadSalemAlAmeri
Gulf Today
11-03-2025
- Business
- Gulf Today
Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership's goal of deploying up to US$2.5 billion by 2028, underscoring its strong momentum and progress. The joint venture, which is based in Abu Dhabi Global Market and is 80% owned by Mubadala with Alpha Dhabi owning the remaining 20%, leverages Mubadala's long-term and strategic partnership with Apollo (NYSE: APO), one of the world's largest alternative asset managers, to access high-quality private credit investment opportunities. Since its inception in 2023, the partnership has focused on identifying and capitalising on compelling credit opportunities in sectors and geographies that offer attractive risk-adjusted returns. Hamad Salem Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding, said, 'Alpha Dhabi's partnership with Mubadala and Apollo emphasises our commitment to best-in-class long-term partnerships with leading investment managers. For us, gaining access to proprietary private credit opportunities enables us to generate superior risk-adjusted returns while diversifying our portfolio from an asset class and geographical perspective.' Omar Eraiqaat, Deputy CEO of Credit and Special Situations, stated, 'This is a significant milestone for our joint venture with Alpha Dhabi, which leverages our existing strategic relationship with Apollo. This achievement underscores the strength of the platform we have built, and our commitment to identifying and capitalising on high-quality private credit investments. We look forward to continuing this momentum and reaching the goal of our partnership.' Apollo Partner Jim Vanek said, 'Alpha Dhabi and Mubadala are important long-term partners to Apollo. Leveraging our strength in global credit origination, we are pleased for the JV to reach this key milestone.' Mubadala's journey in credit investments dates back to 2009, with its Credit Investments unit successfully navigating private markets through making investments into middle-market and large-cap companies globally. Alpha Dhabi recognises that credit investing comes with vast opportunities as well as potential risks. The Group continuously refines its approach to risks and prospects to ensure appropriate investment outcomes.
Zawya
10-03-2025
- Business
- Zawya
Alpha Dhabi, Mubadala's Credit joint venture reaches $1bln portfolio milestone
Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the partnership's goal of deploying up to US$2.5 billion by 2028, underscoring its strong momentum and progress. The joint venture, which is based in Abu Dhabi Global Market and is 80% owned by Mubadala with Alpha Dhabi owning the remaining 20%, leverages Mubadala's long-term and strategic partnership with Apollo (NYSE: APO), one of the world's largest alternative asset managers, to access high-quality private credit investment opportunities. Since its inception in 2023, the partnership has focused on identifying and capitalising on compelling credit opportunities in sectors and geographies that offer attractive risk-adjusted returns. Hamad Salem Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding, said, "Alpha Dhabi's partnership with Mubadala and Apollo emphasises our commitment to best-in-class long-term partnerships with leading investment managers. For us, gaining access to proprietary private credit opportunities enables us to generate superior risk-adjusted returns while diversifying our portfolio from an asset class and geographical perspective." Omar Eraiqaat, Deputy CEO of Credit and Special Situations, stated, 'This is a significant milestone for our joint venture with Alpha Dhabi, which leverages our existing strategic relationship with Apollo. This achievement underscores the strength of the platform we have built, and our commitment to identifying and capitalising on high-quality private credit investments. We look forward to continuing this momentum and reaching the goal of our partnership.' Apollo Partner Jim Vanek said, 'Alpha Dhabi and Mubadala are important long-term partners to Apollo. Leveraging our strength in global credit origination, we are pleased for the JV to reach this key milestone.' Mubadala's journey in credit investments dates back to 2009, with its Credit Investments unit successfully navigating private markets through making investments into middle-market and large-cap companies globally. Alpha Dhabi recognises that credit investing comes with vast opportunities as well as potential risks. The Group continuously refines its approach to risks and prospects to ensure appropriate investment outcomes.
Zawya
29-01-2025
- Business
- Zawya
Alpha Dhabi acquires 73.73% interest in National Corporation for Tourism and Hotels
ABU DHABI - Alpha Dhabi Holding has acquired a strategic controlling 73.73% interest in the National Corporation for Tourism and Hotels (NCTH), after selling assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares. The transaction strengthens NCTH's position and Alpha Dhabi Holding's investment in the domestic and international luxury hospitality sector and involves the transfer of four key hotel assets. These include two iconic luxury properties in Abu Dhabi – The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa – as well as the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently opened Cheval Blanc Seychelles. By consolidating its hotel business under the NCTH umbrella through the transfer of ADHH, Murban (BVI) Holding Inc. and Hill View Resorts, Alpha Dhabi Holding has reinforced its commitment to growth and diversification. This transfer of properties increases NCTH's portfolio to eight hotels with nearly 1,500 keys, significantly enhancing its hospitality offering. Eng. Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi Holding, said, 'This transaction underscores Alpha Dhabi Holding's commitment to creating value in high-potential sectors, such as luxury tourism, through a strong presence in the UAE market as well as a growing footprint in the international ultra-luxury segment. The move aligns seamlessly with our long-term strategy to drive impactful and sustainable growth.' The additional destinations join NCTH's existing properties, which include the InterContinental Abu Dhabi and InterContinental Residences Abu Dhabi, as well as the Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. NCTH also provides associated services in catering, retail, and transportation. Hany Farag, Chief Executive Officer of NCTH, said, 'The integration of these prestigious assets into NCTH's portfolio marks a new chapter for the company, positioning it as a leader in the international luxury hospitality segment by building a globally competitive portfolio. We are excited to offer our guests unparalleled experiences while contributing to the growth of the UAE's thriving tourism sector.'
