Abu Dhabi has been recognized as the leading city globally for sovereign wealth, managing an impressive total of $1.7 trillion in assets. This wealth is primarily held by three major entities: the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and the Abu Dhabi Developmental Holding Company (ADQ). Diego Lopez, the founder and managing director...
The Abu Dhabi Wealth Fund, known as ADQ, is rapidly expanding its portfolio, which has more than doubled in value over the past four years. Currently, the fund boasts assets totaling around $250 billion, including investments in high-profile entities such as the auction house Sotheby’s and the flagship airline of the Emirates. In a recent...
First Abu Dhabi Bank (FAB), the largest lender in the UAE by assets, has joined forces with the UAE sovereign wealth fund ADQ and holding company IHC to introduce a new dirham-backed stablecoin. This digital currency is intended for use by consumers, businesses, and institutions, pending regulatory approvals. The stablecoin will be issued by FAB...
ADQ, a prominent sovereign investor focused on critical infrastructure and global supply chains, has successfully acquired a 63.26% stake in Aramex. This acquisition marks a significant step in ADQ’s strategy to expand its investment portfolio in the logistics sector. In a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, indicated that...
ADQ, recognized as the third-largest sovereign wealth fund in Abu Dhabi, has successfully secured a majority stake in Aramex, a logistics company listed in Dubai. Following a voluntary tender offer, ADQ now owns 58 percent of Aramex. This includes 23 percent held by its subsidiary, AD Ports Group, and an additional 35 percent acquired from...
Abu Dhabi-based investment company ADQ has formed a partnership with Eni, a global energy technology firm headquartered in Rome, Italy. This collaboration aims to explore strategic areas of cooperation to strengthen supply chains for critical minerals, which are essential for the energy transition The agreement focuses on potential investments across Africa, North America, and Central...
ADQ and Eni, a multinational energy technology firm with headquarters in Rome, have inked a Memorandum of Understanding. The purpose of this agreement is to pinpoint areas where supply chains and the mining industry can work together. The collaboration demonstrates both firms’ dedication to investigating cutting-edge prospects and solutions in the mining sector. It is...
Abu Dhabi’s ADQ has successfully completed the acquisition of a 49% stake in Plenary Group, a move aimed at enhancing its focus on opportunities within the public and social infrastructure sectors in the Middle East. This strategic partnership is expected to create a new platform dedicated to addressing infrastructure needs in the region. The acquisition...
Abu Dhabi-based investment firm ADQ has teamed up with Oman Investment Authority (OIA) to launch a $180 million technology-focused fund called the ‘Jasoor Fund.’ The fund is designed to boost Oman’s digital economy and support tech startups in the wider Middle East. As part of this initiative, the Jasoor Fund will focus on high-growth technology...