Sterling Ark, an independent integrated real estate advisory and project delivery firm, has announced a strategic alliance with Ajyal Holding, a diversified business group headquartered in Abu Dhabi. Under the agreement, Ajyal Holding has acquired a 25% stake in Sterling Ark.
“Our alliance with Ajyal Holding marks an important step in Sterling Ark’s progress. It gives us greater scope to pursue new opportunities and build on our capabilities across the region. We see strong potential in bringing our respective strengths together to create long-term value,” stated Sankey Prasad, Chairman, Sterling Ark.
Ajyal Holding’s presence across real estate, contracting, fit-out, building materials and technology, among other sectors, complements Sterling Ark’s end-to-end advisory and project delivery capabilities and experience across real estate, logistics, hospitality, education, retail, industrial, and healthcare.
Opportunities
“Ajyal Holding looks for opportunities to partner with businesses that have a clear sense of purpose and the ability to turn that vision into results. We see that quality in Sterling Ark and in Sankey Prasad’s leadership of the business,” stated Ahmed M. Al Romaithi, Chairman, Ajyal Holding.
“We are pleased to formalize this relationship and look forward to developing it through practical areas of cooperation,” added Rashid Al Romaithi, Vice Chairman & Managing Director, Ajyal Holding.
“This alliance with Ajyal Holding gives us a solid base to pursue new opportunities across the region and build on our capabilities. Our focus is on creating a business that can operate at scale and respond to the changing needs of the real estate sector,” concluded Cherian Sankey, Group Managing Director – Strategy & Innovation, Sterling Ark.
