Overview
- The sale transfers IHC’s 42.54% holding in Modon to L’imad Holding, with the price undisclosed.
- L’imad Holding is wholly owned by the Abu Dhabi Government, keeping Modon within public ownership.
- IHC says the divestment reduces real estate concentration under its 20% sector cap and enables redeployment into healthcare, technology, energy, food and agriculture, and financial services.
- Modon posted multi‑billion‑dirham revenue and strong profitability in 2024, with momentum into the first half of 2025 including record sales and a solid backlog.
- Alpha Dhabi separately sold its 8.5% Modon stake to L’imad, which now holds 84.76% after acquiring shares from IHC, ADQ and Alpha Dhabi.