Alpha Dhabi Holding is a subsidiary of IHC. It completed a direct listing on the Abu Dhabi Securities Exchange (ADX) in June 2021. The company has more than 100 subsidiaries across industrials, healthcare, capital, construction, and hospitality. The company has acquired $680.6 million worth of assets from privately-owned company Murban, including the Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality. Alpha Dhabi Holding also announced that it would acquire an additional 17% in Aldar Properties, increasing its shares to 29.8% and making it one of its largest shareholders.