Transport Infrastructure
Abu Dhabi's new sovereign fund controls its peer ADQ, in a major wealth reshuffle
The government's media office announced on Friday that Abu Dhabi's new sovereign wealth fund L'imad Holding has taken 'control' of ADQ. This is a major consolidation which creates 'a 'new investment heavyweight' in the wealthy emirate, under the crown prince. The board of L'imad was announced in this month's first public disclosure. It is a new investment heavyweight in the wealthy emirate under its crown prince. The Abu Dhabi Crown prince Sheikh Khaled Bin Mohamed bin Zayed Al Nahyan, the eldest child of UAE President Sheikh Mohammed, chairs it. Sheikh Khaled was appointed crown prince of the UAE in 2023....