National Corporation for Tourism and Hotels (ADX:NCTH) agreed to acquire Alpha Dhabi Hospitality Holding LLC , Murban Energy Limited and Hill View Resorts (Seychelles) Limited from Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) on March 11, 2024. As part of the consideration, National Corporation for Tourism and Hotels will issue new ordinary shares to Alpha Dhabi Holding. On July 10, 2024, shareholders of National Corporation for Tourism and Hotels has approved the deal. The transaction is expected to close by the end of 2024.
National Corporation for Tourism and Hotels (ADX:NCTH) completed the acquisition of Alpha Dhabi Hospitality Holding LLC , Murban Energy Limited and Hill View Resorts (Seychelles) Limited from Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) on January 29, 2025. As a part of consideration being paid as of January 29, 2025, Alpha Dhabi Holding PJSC, became Majority Shareholder of National Corporation for Tourism and Hotels through acquiring a strategic controlling 73.73% interest in the National Corporation for Tourism and Hotels (NCTH), after selling assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares.