24
September
2020
Disclaimer

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This information does not constitute an offer, or an invitation to purchase, securities of Abu Dhabi Developmental Holding Company PJSC (ADQ) in the United States or in any other jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.  Potential users of this information are requested to inform themselves about and to observe any such restrictions.ADQ's securities cannot be offered, sold, transferred or otherwise disposed of, in the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act of 1933, as amended (the Securities Act)), absent registration, or an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act.  ADQ has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.This communication has not been approved by the United Kingdom Financial Conduct Authority. This communication does not constitute an offer of the securities to the public in the United Kingdom. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order), and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, and (iv) any other persons to whom it may otherwise lawfully be communicated or caused to be communicated (all such persons in (i) to (iv) together being referred to as Relevant Persons). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this communication or any of its contents.This is an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (the Prospectus Regulation). Investors should not subscribe for or purchase any securities referred to in this advertisement except on the basis of information contained in the base prospectus.

ADQ expands its utilities portfolio with addition of ENEC

Highlights

  • Abu Dhabi Executive Council issued decree to transfer ENEC to ADQ’s ownership

ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy, today announced the Emirates Nuclear Energy Corporation (ENEC) has been added to its utilities portfolio.

Under a decree issued by Abu Dhabi Executive Council, the full ownership of ENEC's shares were transferred to ADQ from the Government of Abu Dhabi with immediate effect.

We welcome ENEC to our portfolio of companies which comprises some of Abu Dhabi's most successful and ambitious enterprises. We are working closely with our utilities companies, including TAQA, EWEC, ADSSC and now ENEC, to advance our nation's solid infrastructure that is vital for supporting the growth and development of many sectors of the economy.

H.E. Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ

We are pleased to join ADQ, as part of our commitment to advancing Abu Dhabi's long-term economic diversification. We remain fully committed in our quest to delivering this new form of emissions-free electricity to strengthen and sustain the UAE's energy sector. With the recent commencement of operations of the Barakah Nuclear Energy Plant, we are supplying clean electricity to the UAE, and are committed to safely and efficiently generating electricity, supported by working with our UAE partners and stakeholders.

H.E. Mohamed Ibrahim Al Hammadi, Chief Executive Officer of ENEC

Nuclear energy has a crucial role to play in our nation's future, and we look forward to working closely with ENEC as it continues to build on its ambitious peaceful energy programme with the highest international safety and quality standards. ENEC's delivery of clean electricity from nuclear energy across the UAE further diversifies the power generation sources and reinforces our reliable power grid.

Khalifa Sultan Al Suwaidi, Chief Investment Officer at ADQ

ENEC joins ADQ's strategic utilities portfolio that also includes Abu Dhabi National Energy Company PJSC (TAQA), Abu Dhabi Sewerage Services Company (ADSSC) and Emirates Water and Electricity Company (EWEC).

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

Direct to your inbox

ADQ News and Insights delivered directly to your inbox

Latest News

The ADQ FWD platform brings together industry experts, government, and advocacy leaders to discuss and address issues of economic and strategic importance for the UAE.