Abu Dhabi consolidates L’IMAD Holding, ADQ to create sovereign investment powerhouse

The Supreme Council for Financial and Economic Affairs (SCFEA) has issued 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.

This will 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.

Read the original article: Khaleej Times