Q Holding’s Strategic Move: Acquires 100% of Reem Investments for AED 5.94 Billion

In a significant development in the UAE’s investment landscape, Q Holding, a leading investment company, has recently acquired Reem Investments Company for a staggering AED 5.94 billion. This strategic move is aligned with Q Holding’s long-term plans for expansion and aims to solidify its position as one of the largest and most influential players in the investment sector.

The Acquisition: Q Holding’s Chairman, Abdulla Mohammed Butti Al Hamed, officially announced the acquisition, emphasizing the company’s commitment to growth. The acquisition involves a 100 percent takeover of Reem Investments Company, with new shares being issued in the process. The exchange rate, set at 17.33 Q Holding shares for each Reem Investments Company share, underscores the magnitude of this business move.

Capital Increase: As part of this acquisition, Al Hamed also revealed plans for a capital increase by issuing a maximum of 1,347,407,500 new shares to the shareholders of Reem Investments Company. This capital injection is a strategic move designed to enhance Q Holding’s financial strength and further align its portfolio with the evolving needs of the market.

Strategic Vision: “This important step comes within our tireless and serious efforts to increase our investment portfolio and develop our business performance in line with the Board of Directors’ strategies to invest in selected industries to meet the local and international market need,” stated Al Hamed. Q Holding’s objective is clear: to generate sustainable growth for stakeholders, ensure long-term returns, and actively contribute to the economic development of the UAE on a global scale.

CEO’s Perspective: Majed Fuad Mohammed Odeh, Q Holding’s CEO, shed light on the strategic significance of the acquisition, emphasizing its role in supporting local, regional, and international investment sectors. Odeh stated, “Q Holding’s acquisition of Reem Investments Company is part of our strategic investment plan as we developed a carefully thought-out strategic plan to support local, regional, and international investment sectors by nurturing the next generation of entrepreneurs, disruptors, and business leaders.”

Future Expansion: With an eye on the future, Q Holding is poised for further expansion, aligning with its long-term strategic plans. The company aims to strengthen its position as one of the largest and most crucial players in the investment sector. This acquisition is a testament to Q Holding’s dedication to sustained growth and its proactive role in shaping the region’s economic landscape.

Conclusion: Q Holding’s acquisition of Reem Investments Company marks a pivotal moment in the company’s history and the broader UAE investment sector. As the company strategically positions itself for future growth and development, this move underscores its commitment to excellence, innovation, and long-term success in the dynamic world of investments.