Our Journey 2024
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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
‘23
‘24
Portfolio Management
- Appointed new Chairman of Abu Dhabi Securities Exchange (ADX) and two new Board Directors
Acquisitions
- Entered into definitive agreements with ADNEC Group to acquire a 40.5 percent stake in TMG Holding
Corporate Development
- Unveiled its inaugural Community Carnival
January
Portfolio Management
- Appointed new Managing Director and CEO of Abu Dhabi Airports
Sovereign Investment Partnerships
- Led consortium to invest USD 35 billion in Egypt
February
March
Portfolio Management
- Partnered with Alpha Dhabi Holding
Portfolio Consolidation
- Launched holding company Arcera
Sovereign Investment Partnerships
- Launched USD 180 million technology-focused fund with Oman Investment Authority
- Established finance and investment framework agreement with Kenya
Acquisitions
- Acquired stake in Plenary Group
April
Corporate Development
- Priced inaugural USD 2.5 billion bond listed on the London Stock Exchange
May
June
July
Portfolio Management
- Partnered with ne’ma
- Renewed sponsorship with UAE Football Association for President’s Cup, First and Second Division Leagues
August
Portfolio Management
- Established Q Mobility
- Silal and ICBA launched the UAE’s first quinoa trials through ADQ-backed R&D fund
Corporate Development
- Priced second USD 2 billion bond issuance listed on the London Stock Exchange
September
Corporate Development
- Accelerated AI adoption across the portfolio through partnership with EQTY Lab
- Inspired the community to get active on newly refurbished basketball courts in Abu Dhabi: ADQ and NBA
Portfolio Management
- Appointed Modon Holding as master developer for the Ras El Hekma megaproject in Egypt
Acquisitions
- Entered into definitive agreement with Bank Audi led consortium to acquire 96 percent of the share capital of Türkiye-based Odeabank
October
Portfolio Management
- Explored feasibility of developing cutting-edge fish farming facility in KEZAD with Finnforel
November
Portfolio Management
- Partnered with Aqua Development to launch pilot shrimp farming facility in KEZAD
Corporate Development
- His Highness Sheikh Tahnoon bin Zayed emphasized ADQ’s pivotal role as a catalyst for Abu Dhabi’s economic growth and the expansion of international investment opportunities
December