Our Journey 2020

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The year we became known as ADQ was also the one that determined our organizational trajectory for the years to come. In 2020, we began the process of building economic clusters in alignment with policy objectives aimed at strengthening our nation’s resilience, which saw us make strategic acquisitions and set up new ventures.”

Marcos De Quadros
Group Chief Financial Officer
January
February
Asset Transfers
  • Image Nation Abu Dhabi
  • National Marine Dredging Company (NMDC)
  • Emirates Water and Electricity Company (EWEC)
  • General Holding Corporation (SENAAT)
  • Abu Dhabi Securities Exchange (ADX)
Corporate Development
  • Entered joint venture agreement to establish Wizz Air Abu Dhabi
  • Abu Dhabi Developmental Holding Company rebranded to ADQ
March
April
Acquisitions
  • Acquired a stake in Lulu International Holdings
May
Portfolio Consolidation
  • Merged ZonesCorp into Abu Dhabi Ports
Corporate Development
  • Launched Alpha Wave Incubation Fund
June
Portfolio Consolidation
  • Merged TAQA and Abu Dhabi Power Corporation (ADPower)
Corporate Development
  • Entered joint venture agreement with ADNOC to launch TA’ZIZ
July
August
Acquisitions
  • Acquired a stake in Aramex
Corporate Development
  • Launched Q Market Makers (QMM) to enhance liquidity of the capital markets
  • Launched healthcare procurement platform Rafed
  • Established Silal to enhance the UAE’s food and agriculture ecosystem
Asset Transfers
  • Emirates Nuclear Energy Corporation (ENEC)
September
Portfolio Management
  • Appointed new Chairman of Abu Dhabi Securities Exchange (ADX)
  • Signed an MoU to expand Lulu International Holdings’ operations in Egypt
October
November
Portfolio Consolidation
  • Merged Al Foah into Agthia Group
December