Abu Dhabi has formally introduced L’imad, a new sovereign investment platform, expanding its formidable roster of sovereign wealth funds to four. The new entity joins the ranks of the Abu Dhabi Investment Authority (ADIA), Mubadala, and ADQ, signaling a strategic enhancement of the emirate’s global investment strategy.
L’imad is tasked with a clear mandate to bolster the long-term economic growth of the emirate, diversify government revenue streams, and drive superior investment returns in strategic sectors critical to Abu Dhabi’s future.
Strategic Mandate and Leadership
Reflecting its strategic importance, L’imad will be chaired by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. The fund’s board comprises a team of seasoned leaders and investment professionals, including Khaldoon Khalifa Al Mubarak, Ahmed Al Mazrouei, Mohamed Ali Al Shorafa, Saif Ghobash, Waleed Al Muhairi, and Kamal Almaazmi, who will guide its investment decisions and governance.
Early Moves in Real Estate and Media
Despite being a new entity, L’imad has already demonstrated its ambition with significant investment activities. The fund recently acquired a major stake in Modon Holding, an Abu Dhabi-based real estate developer, from International Holding Company (IHC), the largest listed company in the UAE.
On the international stage, L’imad has also been active, participating in the Paramount consortium’s bid to acquire Warner Bros. Discovery. This move saw it join forces with regional investment giants like Saudi Arabia’s Public Investment Fund (PIF) and the Qatar Investment Authority (QIA), highlighting its role in large-scale global transactions.
About L’imad
L’imad is the fourth sovereign investment fund established by the government of Abu Dhabi. It was created to support the emirate’s long-term economic diversification and growth strategies. The fund focuses on enhancing investment returns across strategic sectors and diversifying government revenue sources.
Source: Entrepreneur
