Cantor Fitzgerald has started coverage of Alpha Dhabi Holding PJSC, an Abu Dhabi-based conglomerate, with an "Overweight" rating. The investment bank has set an average target price of 12.10 AED for Alpha Dhabi Holding, which represents a potential upside of 66.9% from its last closing price of 7.250 AED.
Alpha Dhabi Holding operates across various sectors, including industrial income (dredging and land reclamation), construction and real estate (commercial and residential buildings, infrastructure development, civil construction works, and property rental), healthcare (medical laboratory management, residency visa testing, and diagnostics distribution), and services (management services, hotel room rental, and investment/Islamic finance income).
The company's subsidiaries include Murban Energy Limited, Mawarid Holding Investment L.L.C, and Pure Health Medical, among others. This initiation of coverage marks significant analyst attention for the conglomerate.
