Abu Dhabi Developmental Holding Company
Government owned) | |
| Industry | Diversified investments |
|---|---|
| Founded | 2018 |
| Headquarters | , |
Key people |
|
| AUM | AED 732 billion (US$157 billion) (2022)[1] |
| Owner | Government of Abu Dhabi |
Number of employees | 77,000 |
| Subsidiaries |
|
| Website | www |
The Abu Dhabi Developmental Holding Company PJSC, branded ADQ since 2020, is a significant sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time. Since rebranding in 2020, it has emerged as a major global investor.[2] In 2023, it was among the world's top 10 sovereign funds by volume of investments.[3]
Overview
In 2019, the Abu Dhabi government transferred to ADDH its shareholdings in
Also in 2020, ADQ created Wizz Air Abu Dhabi, a majority-owned joint venture with Wizz Air. That same year, it acquired a 20 percent stake in retail group LuLu Group International and a 50 percent stake in Al Dahra Agricultural Company, a 22 percent stake in Aramex, and a significant stake in Louis Dreyfus Company.[4] As of late 2023, ADQ had $159 billion in total assets.[5]
As of 2021, the chairman of ADQ was Tahnoun bin Zayed Al Nahyan.[6]
See also
- ADIA
- Mubadala
Notes
- ^ "Abu Dhabi's ADQ manages $157 bln in assets, Global SWF estimates". Reuters.
- ^ "ADQ (UAE - Abu Dhabi)". GlobalSWF.com.
- ^ Anne-Sylvaine Chassany (5 January 2024). "Saudi Arabia's fund has a gargantuan appetite for deals". Financial Times.
- ^ a b "ADQ". adq.ae.
- ^ "Abu Dhabi Developmental Holding Company PJSC (ADQ)". SWF Institute.
- ^ "Power Players - Tahnoon bin Zayed". ICIJ. 2021-10-02. Retrieved 2023-07-28.
 | This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. |