ABU DHABI, UAE: Alpha Dhabi Holding, one of many fastestgrowing funding holding companies within the UAE listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), announces that it has acquired an curiosity in Nammos Group as a results of its three way partnership partnership with Monterock International, an worldwide funding firm with a spotlight on hospitality and meals and beverage (F&B) sectors.
This partnership marks the evolution of Alpha Dhabi’s luxurious and lifestyle vertical which will focus on constructing a portfolio and driving the event of manufacturers by scaling their reach, diversifying their providing and catalysing their growth.
Nammos – a globally celebrated lifestyle and F&B model synonymous with luxurious and high quality – has seen strong success in its expansion to date. Its Dubai restaurant ranks as one of many top performing eating places within the world and it’ll be a cornerstone model within the lifestyle portfolio.
The partnership will see the event of the Nammos World projects, an ambitious and scalable plan to increase Nammos’ attain and footprint globally as well develop and diversify its providing because it continues to construct on its standing as a premier and luxurious hospitality and F&B brand.
Commenting on the announcement, Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi, said: “Through the expansion Alpha Dhabi has exhibited over the final year, we have demonstrated a sustained and confirmed ability to generate expansion and funding opportunities, that are driving new income streams and creating greater shareholder value. We see strong potential for the expansion of our platform into the F&B and wider lifestyle space, each of that are markets with strong fundamentals globally pushed by the return to journey and leisure post COVID-19. Our expansion into this space confirms of our ambition to assemble a portfolio of main luxurious and lifestyle manufacturers and we’re excited to embark on this journey with Monterock.”
“The addition of those assets and types to our present portfolio which incorporates Cheval Blanc – Maldives, will be instantly value-accretive to our diversified platform and showcase our dedication and ambition to driving worth and model recognition throughout our portfolio. As a main investor, we’re additionally uniquely positioned to drive growth by deploying an active approach to deal origination and asset management, leveraging our expertise, portfolio of working companies – collectively with hospitality assets – and platform to bolster growth additional as we proceed to construct on the complementary-based focus of our deal sourcing and funding approach.”
The lifestyle vertical and portfolio will transcend investments within the F&B sector and goals to construct a world-class portfolio of lifestyle, luxury, hospitality, F&B and leisure manufacturers that may complement every other, allow for cross-selling and integration throughout the platform and supply a truly distinctive worth proposition to manufacturers looking to speed up their expansion and growth.
Following this announcement, the three way partnership intends to evaluate additional alternatives through the newly arrange F&B vertical because it seeks to increase its allocation throughout the sector with ambitions to be the partner of option to main lifestyle and F&B manufacturers looking to amplify their attain and scale their footprint globally.
Petros Stathis, Chairman of Monterock International Limited, added: “We are delighted to announce the profitable completion of this partnership and to construct on the strong bond with Alpha Dhabi, a number one conglomerate within the region. The partnership marks a model new milestone in our historical previous and it’s a strong vote of confidence within the Monterock team and particularly in its Nammos World projects. I would therefore like to thank the founders of the acclaimed Nammos brand. Over the previous decade of our growth journey, MonteRock International has been marking its personal path through a rising multi-brand portfolio focused on the upper-segment of the leisure and lifestyle markets and we’re excited to expand this success additional on a greater scale globally. This Joint Venture will place our enterprise for accelerated growth within the approaching years and we glance ahead to working along with Alpha Dhabi Holding as we start our journey to create the world’s main hospitality and F&B projects.”
With flagship locations in Mykonos and Dubai in addition to soon-to-open venues in London, Cannes, and Abu Dhabi, Nammos’ plans for global expansion are ambitious – and in line with Alpha Dhabi’s wider plans – and include bringing the world-class, holistic and luxurious end-to-end visitor experiences that they’re famed for – as leaders within the hospitality and F&B fields – to locations throughout the world.