Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) issued on Friday a resolution to consolidate the assets and investments of L’IMAD Holding Company (L’IMAD) and the Abu Dhabi Developmental Holding Group (ADQ) under the umbrella of L’IMAD.
The resolution aims to create a sovereign investment powerhouse with a diversified asset base, supporting the Government of Abu Dhabi’s policy on sustainable investment and contributing to enhanced economic development for Abu Dhabi and the UAE.
Sheikh Khaled to chair L’IMAD
The resolution demonstrates continued momentum in delivering the vision of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to grow sovereign investment funds locally and globally, while safeguarding the stability and continuity of Abu Dhabi’s investment policy, which has been built over more than fifty years.
Established in 2018, ADQ is an active sovereign investor with a focus on critical infrastructure and global supply chains. ADQ’s total assets amounted to $251 billion as of December 31, 2024. Its rapidly expanding portfolio encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, healthcare and life sciences, financial services, infrastructure and critical minerals, real estate investments and sustainable manufacturing.
L’IMAD to have investment platforms across both private and public markets
L’IMAD will have differentiated operational, industrial and technological capabilities, in addition to investment platforms across both private and public markets, which will enhance the flexibility and diversity of Abu Dhabi’s sovereign investment ecosystem.
Chaired by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, L’IMAD seeks to develop globally competitive investment platforms focused on building national champions in sectors of strategic importance.
These sectors include energy, real estate development and infrastructure, healthcare, including pharmaceuticals, food, aviation, ports and the financial and banking sectors, in addition to a diverse range of industrial and technology sectors. The company will also pursue direct and indirect investments through investment funds and in public and private financial markets.
Portfolio to include 25 investment companies and over 250 group subsidiaries
L’IMAD’s diversified investment portfolio will include operational, developmental, industrial and financial capabilities, through a number of leading assets and investments, including 25 investment companies and platforms and over 250 group subsidiaries. Among these companies are TAQA, a major player in the power and water sector; Modon Properties; Etihad Airways; PureHealth; Etihad Rail; Wio Bank; Abu Dhabi Ports; McLaren and Louis Dreyfus.
L’IMAD, led by His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Managing Director and CEO, will also expand its global investment footprint through private investment funds, both directly and in partnership with strategic partners in priority sectors.
