Alhamdulillah, ADQ’s Varied Investments Strengthen Growth in First Half of the Year
Alhamdulillah, Abu Dhabi’s sovereign wealth fund ADQ has shown solid growth in the first half of this year, thanks to its broad investments across important sectors of the capital’s economy. ADQ remains fully dedicated to creating value as an investment holding company, and its asset portfolio has continued to perform well, as shared after their third board meeting this year.
The meeting, led by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, also focused on ADQ’s plans to introduce a value-based talent framework across its portfolio companies. This approach will help align the workforce with the overall strategy, supporting faster growth and sustainable value.
Mohamed Alsuwaidi, managing director and group CEO of ADQ, mentioned that ADQ is strengthening Abu Dhabi’s economic resilience through investments aligned with national priorities, including food security, which is a critical area for our Ummah.
The board updated on ADQ’s recent acquisition of a 35% stake in Limagrain Vegetable Seeds, marking a strategic step into a vital part of the global food supply chain, further supporting ADQ’s role in advancing food and agriculture sectors.
Performance across various sectors remains encouraging. In transport and logistics, Abu Dhabi Airports saw over 15.8 million passengers in the first six months, a 13.1% increase year on year. AD Ports Group’s CMA Terminal at Khalifa Port reached 62% utilization since starting commercial operations earlier this year.
In energy and utilities, Abu Dhabi National Energy Company (Taqa) completed a $1.2 billion acquisition of Spanish water management and desalination firm GS Inima. Taqa’s revenue grew by 4.5% to Dh28.4 billion ($7.73 billion) during the period.
Healthcare also saw growth. ADQ’s PureHealth hospital network expanded, with outpatient visits up 13% to 4.4 million and inpatient admissions rising 7% to 108,000. The UAE’s largest healthcare group reported a 9% revenue growth to Dh13.6 billion.
In real estate, Modon launched Wadeem, its first residential community on Hudayriyat Island, with over 1,700 plots. Modon’s revenue more than tripled to Dh6.5 billion in the first half.
Mr. Alsuwaidi said, “These achievements show our ongoing commitment to support the capital’s sustainable growth, while promoting leadership and excellence across our portfolio to bring long-term benefits and shared prosperity.”
May Allah continue to bless Abu Dhabi’s growth and development, making it a source of benefit for all.
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