Alpha Dhabi sells its 8.5% stake in Modon Holding to L’imad, joining IHC's strategic divestment.

based Alpha Dhabi Holding has decided to divest its entire 8.5% stake in Modon Holding, transferring ownership to L’imad Holding Company, which is wholly owned by the Abu Dhabi Government.

This move follows International Holding Company's (IHC) recent sale of its substantial 42.54% shareholding in Modon to L’imad as part of a strategic realignment of its investment portfolio.

With the conclusion of these transactions, L’imad Holding now possesses an impressive 84.76% majority in Modon Holding shares, after acquiring stakes from both IHC and Alpha Dhabi.

A statement released by Modon emphasized that this transaction supports its innovative path in urban development and bolsters its efforts to deliver world-class destinations and experiences across its core sectors: Real Estate, Asset Management, Hospitality, and Events & Tourism. "Modon Holding remains committed to building modern urban communities that provide a sustainable, smart, and connected lifestyle," the company stated.

Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, commented on the transaction saying it aligns with their strategy of investing primarily in companies based in Abu Dhabi that are poised for regional or global success. "We will continue recycling capital as part of our portfolio rebalancing strategy, ensuring we have ample liquidity for pursuing organic and inorganic growth opportunities," he added.

The divestiture is described as a calculated component of Alpha Dhabi's active portfolio management program aimed at maintaining balanced exposure across various sectors and geographies while unlocking additional liquidity to support diversified growth strategies.

Since acquiring its stake in Modon, Alpha Dhabi has seen the company achieve rapid growth into a market-leading position. For fiscal year 2024 alone, Modon reported multi-billion-dirham revenues alongside robust profitability indicators. This momentum carried into early 2025 with record real estate sales figures reflecting positively on Modon's resilient platform outlook.