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Judan Financial, a subsidiary of Abu Dhabi’s International Holding Company (IHC), has acquired a controlling stake in US investment manager Alpha Wave Global. TheJudan Financial, a subsidiary of Abu Dhabi’s International Holding Company (IHC), has acquired a controlling stake in US investment manager Alpha Wave Global. The

IHC unit Judan buys controlling stake in US AI investor

Author: Agbi

Source: Agbi

2026/03/10 23:00

1 min read

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Judan Financial, a subsidiary of Abu Dhabi’s International Holding Company (IHC), has acquired a controlling stake in US investment manager Alpha Wave Global.

The IHC unit will take a 50.1 percent share in Alpha Wave, a Miami-based company that has primarily invested in SpaceX, Anthropic, OpenAI and Cerebras.

The investment will accelerate Alpha Wave’s newly launched US life insurance and retirement business, IHC said in a statement to the Abu Dhabi Securities Exchange.

No financial details were disclosed.

IHC launched Judan Financial last month to manage more than AED870 billion ($237 billion) in assets. The subsidiary is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and brother of the country’s president. Sheikh Tahnoon is also chairman of IHC.

Alpha Wave manages $29 billion in assets and has 11 offices worldwide.

Judan is currently working to complete all necessary procedures and obtain regulatory approvals for the Alpha Wave deal, the stock market statement said.

IHC shares closed 0.4 percent down on Tuesday at AED397.9. They remain flat so far in 2026.

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