Abu Dhabi, UAE – Alpha Dhabi Holding Company S.A.E.M.A – Alpha Dhabi announced increasing its investments in its joint private credit project “MICAD Credit”. Managed by Mubadala Capital, a global company specializing in alternative investment management.
Alpha Dhabi is considered one of the fastest growing investment holding companies in the Middle East and North Africa region. It is listed on the Abu Dhabi Securities Exchange under the symbol (Abu Dhabi Securities Exchange: AlphaDhabi),
Under the amended partnership agreement, Alpha Dhabi will double its capital commitment to reach one billion US dollars. It will also increase its share in ownership of the joint venture from 20% to 40%.
Forty-five
The scope of the joint venture’s investment mandate has been expanded to include additional strategies in the private credit market. Available through established and long-standing Mubadala Capital relationships. In addition to the project’s current direct lending activities in the United States and Europe.
The MICAD Credit project manages assets worth approximately 1.7 billion US dollars distributed among 45 companies within its investment portfolio.
