October 23, 2023
Abu Dhabi’s wholly owned strategic investment company ADQ’s portfolio has jumped to $200 billion, backed by the performance of the emirate’s main utility, Abu Dhabi National Energy Co., also known as Taqa, Global SWF said.
Last year, ADQ divested 8.6% of Taqa, a stake worth around $3.6 billion, to Multiply Group, Abu Dhabi Pension Fund and other investors. ADQ still has a 90% ownership of the utility giant.
Read the original article in Zawya: Abu Dhabi wealth fund ADQ’s portfolio surges to $200 billion, Global SWF estimates