Alpha Dhabi Commits $1 Billion to Alpha Wave 3 Fund
Abu Dhabi-based Alpha Dhabi Holding announced on Monday that it has signed an agreement committing $1 billion to Alpha Wave 3, a global investment fund.
The commitment is equivalent to AED 3.67 billion. Alpha Dhabi is an investment holding company listed on the Abu Dhabi Securities Exchange.
Alpha Wave 3 is managed by Alpha Wave Global. The agreement establishes Alpha Dhabi’s commitment to invest in the fund, rather than confirming that the full amount has already been deployed.
The announcement did not specify a timetable for the investment or detail the sectors and markets the fund would target.
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