Abu Dhabi will consolidate the assets of sovereign wealth fund ADQ into its recently created investment vehicle, L'imad Holding, to create a "sovereign investment powerhouse with a diversified asset base".
L'imad will support the emirate's policy on sustainable investment, the Abu Dhabi Media Office said in a statement on Friday.
The resolution by the Supreme Council for Financial and Economic Affairs (SCFEA) aims to grow sovereign investment funds locally and globally, while supporting the stability and continuity of Abu Dhabi’s investment policy, the media office added.
ADQ, which was set up in 2018, has total assets of more t
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