GQG Partners to invest $500m in Alpha Dhabi

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International Holding Company (IHC) has announced a landmark investment of $500m by GQG Partners in Alpha Dhabi, reflecting a strong endorsement of the Abu Dhabi Securities Exchange (ADX) as a viable platform for substantial, long-term investments.

GQG Partners, a well-regarded global asset management firm, views this investment as a strategic commitment to the Abu Dhabi market, which it recognises as rich in growth potential and resilience.

Rajiv Jain, founder and CIO of GQG Partners, highlighted Alpha Dhabi’s robust revenue and earnings growth over the past few years, asserting that the company is well-positioned for sustained success despite recent market fluctuations.

“Alpha Dhabi has grown revenue and earnings at a significant rate over the past few years, and we feel it is very well positioned over the long run,” Jain stated.

Alpha Dhabi: A strong player in the market

He pointed out that with a market capitalisation of approximately Dhs112.2bn, Alpha Dhabi represents a significant player in the global industry.

Jain expressed enthusiasm for the longer-term growth prospects in the region, which he believes has strong GDP growth potential underpinned by solid fundamentals.

Syed Basar Shueb, CEO of IHC, noted that despite a recent stagnation in the overall ADX, individual companies like Alpha Dhabi have shown impressive performance.

He attributed GQG Partners’ investment decision to the resilience and growth potential evident in specific sectors of the Abu Dhabi market. “GQG Partners has a preference for investing in high-quality stocks that offer stability and growth potential. This aligns with Alpha Dhabi’s performance as one of the best-performing companies on the ADX,” Shueb said.

Jain further emphasised the strategic alignment of investing in Abu Dhabi, stating, “We believe that the market’s strategic value will continue to grow.” GQG Partners has established a new investment hub in the Abu Dhabi Global Market, reinforcing the region’s significance in the capital markets and global asset management landscape.

Read: Alpha Dhabi reports Dhs6.7bn in net profit for H1 2024