- Diverse portfolio of major enterprises now spans 11 sectors
- Companies in utilities, industries, logistics, media and tourism sectors added
Abu Dhabi Developmental Holding Company (ADDH), one of the region's largest holding companies, today unveiled a new brand identity, to become ADQ.
The announcement coincides with ADQ's new phase of growth with the addition of 14 companies to its portfolio. This brings the total number of companies within its portfolio to over 25 companies with a diversified exposure across 11 sectors.
Recent additions to ADQ's portfolio include the General Holding Corporation PJSC (Senaat). Senaat's subsidiaries span a range of sectors such as agri-food and industrial assets, and encompass companies including Agthia PJSC, Al Foah, National Petroleum Construction Company, Emirates Steel Industries PJSC, Dubai Cables Company and Arkan Building Materials PJSC.
Reinforcing its commitment to develop the Emirate's growing tourism sector, shares of multiple renowned hotels and tourism facilities in Abu Dhabi have also been transferred to ADQ. This includes Qasr Al Sarab Desert Resort, Anantara Al Yamm Villa Resort, Anantara Al Sahel Villa Resort, Desert Islands Resort & Spa, Emirates Pearl for Development and Investment, B2B Hotels and Properties, Park Hospitality Investment, Tourism Investment Assets, and Qaryat Al Beri Resort Development Company. This follows recent high-profile announcements as ADQ finalised its agreement to establish Wizz Air Abu Dhabi in partnership with Europe’s largest low-cost airline, Wizz Air.
Additional companies added to ADQ's portfolio include Abu Dhabi Securities Exchange (ADX), Image Nation, and shares in the National Marine Dredging Company PJSC and Emirates Driving Company PJSC.
The expanded portfolio will deepen ADQ’s focus on the development of industrial, agri-food, media, financial services, and tourism and hospitality sectors in the Emirate. It also complements the initial focus on utilities, transportation, logistics, aviation, real estate, and healthcare.
ADQ was established in 2018 as a public joint stock company (PJSC). In 2019, the Abu Dhabi Government moved its interest in 13 companies to ADQ. Companies transferred at the time were Abu Dhabi Power Corporation, Abu Dhabi Sewerage Services Company PJSC, Abu Dhabi Ports Company PJSC, Higher Corporation For Specialized Economic Zones, Etihad Rail PJSC, Abu Dhabi Health Services Co. PSC (SEHA), National Health Insurance Company (Daman) PJSC, Abu Dhabi General Services – Musanada – PJSC, Abu Dhabi Airports Company PJSC, Abu Dhabi National Exhibitions Company (ADNEC) PJSC, Modon Properties PJSC, Abu Dhabi Media PJSC and twofour54 FZ.
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 firstname.lastname@example.org. You can also follow ADQ on Twitter, Instagram and LinkedIn.
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