The Supreme Council for Financial and Economic Affairs in Abu Dhabi has announced the integration of the assets and investments of Emad Holding Company (“Emad”) with the Abu Dhabi Developmental Holding Company (ADQ) under the umbrella of Emad. This strategic move aims to establish a diversified sovereign wealth fund that aligns with Abu Dhabi’s government policy on sustainable investment and contributes to the economic growth of both Abu Dhabi and the United Arab Emirates.
This decision marks a significant step in realizing the clear investment vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, which focuses on the development of sovereign funds locally and internationally while maintaining the stability and continuity of Abu Dhabi’s investment strategy that has been in place for over fifty years.
Notably, Emad will be distinguished by its operational, industrial, and technical capabilities, along with investment platforms in both private and public markets, thereby enhancing the diversity of investment portfolios managed by Abu Dhabi.
Under the leadership of His Highness Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, Emad aims to establish globally competitive investment platforms that focus on building leading national companies in strategically important sectors. This includes energy, real estate development, infrastructure, healthcare (including pharmaceuticals), as well as food, aviation, ports, financial services, and a variety of industrial and technological sectors.
The company will engage in both direct and indirect investments in investment funds and public and private financial markets.
Emad’s investment portfolio will encompass operational, developmental, industrial, and financial capabilities through leading assets and investments distributed across 25 key companies and investment platforms, as well as over 250 subsidiaries. The group’s active companies include Taqa in the electricity and water sectors, Aldar Properties, Etihad Airways, Pure Health, Etihad Rail, Wio Bank, Abu Dhabi Ports, McLaren, and Louis Dreyfus Company. Managed by His Excellency Jassim Mohammed Buatabah Al Zaabi, Managing Director and Chief Executive Officer, Emad will extend its investments globally through private equity funds, either directly or in partnership with strategic collaborators in priority sectors.
The Supreme Council for Financial and Economic Affairs oversees key sovereign funds in Abu Dhabi, represented by the Abu Dhabi Investment Authority, Mubadala Investment Company, and Emad Holding Company, as well as the Abu Dhabi National Oil Company (ADNOC), which operates in the oil, gas, and petrochemical sectors.