
IHC’s subsidiary Alpha Dhabi Holding, a fast-growing UAE-based holding company, has completed the acquisition of the privately owned company “Murban”.
Founded in 2006, Murban is a leading investment company based in Abu Dhabi with approx. AED 1.7 billion (US$ 500m) in Equity. Murban is primarily involved in the hospitality industry, with current assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. Earlier in March, Murban signed an agreement with the Aceh Governor to build a luxury resort in Aceh province, Indonesia. Alpha Dhabi has a strong hospitality development division, having previously built hotels in the UAE, Morocco, Russia, and the UK. The acquisition will help accelerate Alpha Dhabi’s diversification strategy as it looks to expand its portfolio.