Investment Giant Q Holding Consolidates Power with Major UAE Property Acquisitions
The Abu Dhabi investment group Q Holding has made a deal. It gives them control of some big UAE property companies. Q Holding now owns all of ADNEC. That stands for the Abu Dhabi National Exhibitions Company. ADNEC runs the big trade shows in Abu Dhabi.
Q Holding Becomes UAE Real Estate Giant with Takeover of Modon, Miza, and ADQ/IHC Assets
Q also took over Modon Properties , Miza Investments, and other property firms. This deal follows agreements with two groups โ ADQ and IHC Capital Holding. ADQ and IHC both owned a lot of UAE real estate before. Now, many of those assets are under Q Holding. This makes Q one of the largest property players in the UAE now.
Convertible Bonds Pave the Way for ADQ and IHC to Gain New Q Holding Shares
As part of the deal, Q Holding gives convertible bonds to ADQ and IHC. ADQ gets 17 billion dirhams worth. IHC gets 8 billion dirhams worth. The bonds can change into new Q Holding shares later. The share capital of Q Holding is now 16 billion dirham. Thatโs after adding 9 billion new shares for ADQ and IHC.
Q Holdingโs Chairman Vows Continued Abu Dhabi Support, Announces Global Expansion
The chairman of Q Holding said the deal shows their commitment to growth. He said they will keep helping Abu Dhabi Real Estate . They also plan big expansions internationally now.
Q Holding Seeks Shareholder Approval for Name Change to Modon Holding
There will be a name change too. Shareholders need to approve it first. But Q Holding wants to become Modon Holding . That will match their new identity and ambitions better.Q Holding launched in 2005. It was an IHC subsidiary before. The CEO said this deal is a major shift for them. ADQ and IHC are now key partners.The asset purchases let Q reshape itself. They can enter new areas and overseas markets now. This sets a new benchmark in strategic investing for them.
