July 7, 2022

Dubai Week

Complete Dubai News World

By order of "Captain" Honey Sehgar .. Hama Becca's "For Women Only" Concert Canceled - Our Life - Celebrities

Alpha Abu Dhabi invests 9.2 billion dirhams in Alpha Wave Ventures 2

Alpha Abu Dhabi Holding announced earlier this year its commitment to invest 9.2 billion dirhams in the venture capital fund “Alpha Wave Ventures 2” launched by “Shimera Capital” and “Alpha Wave Global”.

The total commitment mentioned above includes a capital contribution of 2.6 billion dirhams and an unsecured capital liability of 6.6 billion dirhams, which will be repaid over the period of investment in the fund.

Global finance

Alpha Wave Ventures 2, which has already begun investing, is a global fund to invest in private, multi-share companies, with a particular focus on emerging companies in a variety of fields, including artificial intelligence, financial services technology, and life sciences. And electrical services for consumers, businesses and corporations.

Competitive economy

The investment focus of the fund is in line with Alpha Abu Dhabi’s growth strategy, which focuses on investing in innovative technologies that support the UAE’s ambition to establish a technology-based diversified competitive economy and promote a culture of innovation.

Unique investments

The fund aims to make unique investments in reputed companies that provide innovative solutions to the most important local and regional problems, depending on the use of advanced technology and technologies.

Emerging from its strategic contribution to the country’s economic diversification efforts, the fund has been instrumental in securing Abu Dhabi’s position as a hub for innovation and technology development, and strengthening the United Arab Emirates’ position as a hub for international and institutional investment and growth capital. .

Innovation and technology

Hamad Al Ameri, CEO of Alpha Abu Dhabi Holdings, said: “(Alpha Abu Dhabi) Development Strategy focuses on investing in innovation and technology, and focuses specifically on technologies that establish fundamental change as the key way to advance our team. Improving their leadership role in companies and their fields. As one of the Fund’s key investors, we can express this commitment to innovation, technology and emerging companies, while at the same time expanding our investment portfolio and providing greater returns to our shareholders.

See also  Mini SE .. A new drone for beginners with better imaging capabilities

Balanced portfolio

Alpha Abu Dhabi’s commitment contributes to enhancing the scope and weight of its balanced portfolio and increasing its size by diversifying into areas of the company’s business sectors and operations. United States.

This investment supports Alpha Abu Dhabi’s commitment to bring the best technologies and innovations to Abu Dhabi and supports the company’s investment structure, integrating innovative technologies into its subsidiary group and contributing to enhancing its capabilities and offerings. .


Follow our latest local and sports news and the latest political and economic developments via Google News

Share

Print