Our Journey 2023

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In parallel to ongoing portfolio consolidation activities, we have been focusing our effort son enhancing asset performance, fueled by the remarkable increase in profitability achieved to date. The potential for further value creation within our portfolio is immense, and unlocking it remains in sharp focus as we continue to work towards fulfilling our organizational vision.”

Dr. Jaap Kalkman
Group Chief Investment Officer
January
Acquisitions
  • Acquired a majority stake in Unifrutti Group
February
Corporate Development
  • Partnered with ZERO to launch vertical farming project in KEZAD as part of ADQ’s AgTech Park ecosystem
  • Published ADQ’s Diversity and Inclusion June Position Statement
  • Partnered with Environment Agency - Abu Dhabi and Archireef to deploy marine biodiversity restoration solution
  • Published ADQ’s Health, Safety and Wellbeing Position Statement
Portfolio Consolidation
  • Completed integration of Pharmax into Acino
March
April
Corporate Development
  • Announced multiyear collaboration with the NBA to engage fans and players in Abu Dhabi
  • Launched a refreshed brand identity on the occasion of ADQ’s fifth anniversary
May
Portfolio Consolidation
  • Announced TAQA’s intention to acquire SWS Holding
June
Sovereign Investment Partnerships
  • Strengthened commitment to Türkiye with earthquake relief financing and export credit
July
Corporate Development
  • Launched high-tech greenhouse project with Safe Haven Solutions
Portfolio Consolidation
  • Offered to combine shareholdings with IHC Capital in Modon, along with ADQ's shareholding in ADNEC Group, into Q Holding
August
September
Corporate Development
  • Established Sustainable Finance Framework and obtained Second Party Opinion from Moody’s
  • Published ADQ paper: ‘Foundation for Prosperity: The Contributing Role of Sovereign Wealth Funds in Laying the Building Blocks for Economic Growth’
October
Portfolio Consolidation
  • Completed the region’s first Special Purpose Acquisition company merger with the business combination of ADQ Acquisition Corporation and United Printing & Publishing Sole Proprietorship (UPP; now known as E7 Group)
November
December