Alpha Dhabi Holding Group for Financial Investments announced the purchase of a majority stake in water solutions and wastewater treatment company Matito Holdings from Mitsubishi, Mitsubishi Heavy Industries and Gulf Capital.
Bloomberg News Agency reported that the terms of the deal were not disclosed, while the Ghandour family, a founding partner in Metito, will retain its leadership roles in the company after the deal is completed.
Talal Ghandour, co-CEO of Metito, said that Alpha Dhabi Holding’s investment in the company confirms the importance of the role played by Metito as a pioneering company in the field of water network management and wastewater treatment solutions, especially in the Middle East and North Africa region, which is considered one of the most suffering regions in the world. From water shortage.
Last month, Alpha Dhabi, listed on the Abu Dhabi Securities Market, announced its semi-annual financial results for the year 2023, recording a significant increase in the group’s net profits to reach 10.3 billion dirhams, an increase of 30% annually.
2023-09-25 06:46:12
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