Alpha Dhabi to invest AED367 million in Borouge IPO as cornerstone investor

Alpha Dhabi to invest AED367 million in Borouge IPO as cornerstone investor

WAM: Alpha Dhabi Holding, listed on the Abu Dhabi Securities Exchange, has made an AED367 million investment into Borouge’s Initial Public Offering (IPO).

Alpha Dhabi’s investment comes as the company continues to scale its highly diversified portfolio through recent acquisitions and investments in Alpha Wave Ventures II Fund, Wio Bank and DEWA’s recent IPO.

This investment in Borouge supports the investment criteria from both a company profile and a sector perspective by adding further weight to the petrochemical vertical, which remains a key target sector for Alpha Dhabi.