Al Habtoor Holding LLC has completed the sale of its stake in HLG Contracting LLC – formerly known as Habtoor Leighton LLC.
In a statement the chairman of Al Habtoor Group, Khalaf Ahmad Al Habtoor, said: I took a strategic decision to depart from Habtoor Leighton LLC (HLG), and my main focus shall be on Al Habtoor Groups core businesses such as hospitality, real estate, automotive, education, and publishing.
I am delighted to have founded such an exceptional construction company in 1970 which to date has built many landmarks in the UAE. I wish HLG Contracting LLC, its shareholders, clients and employees great success.
Confirmation of the divestment comes several months after Khalaf Al Habtoor said he planned to offload the shares.