Abu Dhabi - Sharikat Mubasher: Judan Financial, a subsidiary of IHC, announced the acquisition of a 50.1% stake in US-based investment management firm Alpha Wave Global.
This acquisition marks Judan Financial’s first strategic investment and represents a significant step in the company’s strategy to expand its global asset management footprint and strengthen its position as a leading international investor in financial services, the company announced in a statement yesterday.
By combining Alpha Wave’s established global investment capabilities with Judan’s long-term capital base and institutional reach, the partnership accelerates Judan’s ambition to shape the future of global asset management while delivering differentiated opportunities for investors worldwide.
Commenting on the acquisition, Mohamed Alsuwaidi, Vice Chairman, Managing Director, and CEO of Judan Financial, said: “With robust capabilities across private equity, private credit, public markets, and insurance, and a clear vision to drive AI-led innovation within the financial services sector, Alpha Wave represents an ideal strategic fit. Together, we will accelerate growth, strengthen institutional partnerships, and unlock new opportunities for investors.”
Supported by Judan Financial, Alpha Wave is poised to accelerate the growth of its newly established AI native US life insurance and retirement solutions vertical.
In turn, Francis Suarez, President of Alpha Wave Global, stated: “This partnership brings together global capital, technology-driven innovation, and long-term vision. As Alpha Wave expands its footprint and launches its AI-native insurance platform, the support of Judan Financial strengthens our ability to deliver differentiated solutions to investors and clients across the United States and beyond.”
Alpha Wave’s insurance vertical is launching an AI-native life insurance and retirement solutions provider designed to transform underwriting, distribution, and the customer experience through end-to-end AI integration.
In February, IHC launched Judan Financial Holding, a new international financial services holding company, to serve as the dedicated platform for IHC’s rapidly expanding financial services portfolio.
The company is expected to have an estimated valuation of approximately AED100 billion and to manage assets exceeding AED870 billion, serving more than 11 million clients across over 13 countries.