Alpha Dhabi, a publicly listed company, has acquired a stake in Monterock International, which owns Nammos. investments company United Arab Emiratesto further expand Nammos as a hotel and restaurant brand internationally, and to strengthen Alpha Dhabi’s luxury and lifestyle sector.

The agreement was concluded with the investment company Monterock International, which involves the Greek businessman P.Statis and funds from the UAE, in cooperation with the Investment Corporation of Dubai – ICD.

According to Alpha Dhabi’s official statement, the agreement ensures the development of the company’s luxury and lifestyle sector, which focuses on the development of respective brands by differentiating their services and stimulating their growth. According to the company, the sector’s goal is to increase investment in the food and beverage sector and build an international portfolio of lifestyle, luxury, hospitality and entertainment brands.

Nammos International Station

Present in Mykonos and Dubai, Nammos is considered Alpha Dhabi’s success story in terms of luxury and quality in hospitality and catering. In fact, as the investment company notes, the Nammos restaurant in Dubai is among the best restaurants in the world and will become a landmark for its portfolio.

The agreement will focus on the development of Nammos World projects, the company’s “ambitious but achievable” program aimed at expanding Nammos’ presence around the world. Plans to expand operations in London, Cannes and Abu Dhabi are in line with Alpha Dhabi’s expansion plans, the company said in a statement. Both companies intend to explore additional opportunities that could arise from the portfolio of Alpha Dhabi, which aims to increase its share of the luxury and lifestyle sector.

Petros Stathis, Chairman of Monterock International, said: “We are delighted to announce the successful completion of this partnership and forge a strong bond with Alpha Dhabi, a leading group in the region. This partnership is a new milestone in our history and an expression of strong trust in the Monterock team and, in particular, in the projects of Nammos World. Therefore, I would like to thank the founders of the sensational Nammos brand.

On a growth path over the past decade, Monterock International has forged its own path through a growing multi-brand portfolio focused on the upper end of the entertainment and lifestyle markets, and we are excited to further expand this success internationally. This joint venture will enable us to accelerate our growth in the coming years and we look forward to partnering with Alpha Dhabi Holding as we embark on world-leading hospitality, food and beverage projects.”

For his part, Alpha Dhabi CEO Hamad Salem Al Amery said: “Through the growth that Alpha Dhabi has shown over the past year, we have demonstrated a robust and proven ability to create expansion and investment opportunities that lead to new revenue streams. and create greater shareholder value. We see great potential to expand our platform across the food and beverage industry as well as the broader lifestyle segment, with both markets having a strong international footing supported by the post-COVID-19 return to travel and entertainment.

Our expansion into this space confirms our commitment to building a portfolio of leading luxury and lifestyle brands, and we are thrilled to begin this journey with Monterock. The addition of these assets and brands to our current portfolio, which includes Cheval Blanc – Maldives, will have a direct bearing on our diversified platform and will demonstrate our commitment and commitment to add value and brand awareness across our entire portfolio.

As a majority shareholder, we are also uniquely positioned to drive growth through a proactive approach to transactions and asset management, leveraging our experience, portfolio of active companies including hosting assets, and our platform to drive growth further as we seek to strengthen this complementary focus. on conclusion of transactions and attraction of investments”.