Abu Dhabi Developmental Holding Company PJSC (Arabic: شركة أبوظبي التنموية القابضة ش.م.ع), branded ADQ after 2020, was a short-lived sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time. After rebranding in 2020, it emerged as a major global investor. In 2023, it was among the world's top 10 sovereign funds by volume of investments. It was folded into L'imad in early 2026.
ADQ was headquartered in the Capital Gate building | |
Native name | شركة أبوظبي التنموية القابضة ش.م.ع |
|---|---|
| Company type | Private Joint Stock Company (Government owned) |
| Industry | Diversified investments |
| Founded | 2018 |
| Headquarters | Abu Dhabi , United Arab Emirates |
Key people |
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| AUM | AED 732 billion (US$157 billion) (2022) |
| Owner | Government of Abu Dhabi |
Number of employees | 77,000 |
| Subsidiaries |
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| Website | www |
History
In 2019, the Abu Dhabi government transferred to ADDH its shareholdings in twofour54, Abu Dhabi Power, Abu Dhabi Health Services Company (SEHA), Daman, AD Ports Group, Etihad Rail, Abu Dhabi Airports Company, Abu Dhabi National Exhibition Centre, ZonesCorp, Abu Dhabi Media Company, and Abu Dhabi Sewerage Service Company, followed in 2020 with Image Nation, National Marine Dredging Company, Emirates Water and Electricity Company, General Holding Corporation (Senaat), Abu Dhabi Securities Exchange and Emirates Nuclear Energy Corporation, and in late 2022 with Etihad Airways.
Also in 2020, ADQ created Wizz Air Abu Dhabi, a majority-owned joint venture with Wizz Air. That same year, it acquired a 20 percent stake in retail group LuLu Group International and a 50 percent stake in Al Dahra Agricultural Company, a 22 percent stake (now 63.16 percent) in Aramex, and a significant stake in Louis Dreyfus Company. As of late 2023, ADQ had $159 billion in total assets.
As of 2021, the chairman of ADQ was Tahnoun bin Zayed Al Nahyan.
In 2024, ADQ and the government of Egypt signed a deal for the ADQ to invest $35 billion in developing Ras el-Hekma on Egypt's Mediterranean coast. The deal grants ADQ the right to develop 130 million square metres of land, and is the largest foreign investment deal in Egypt's history.
In March 2025, ADQ was alleged of involvement in a campaign to undermine the reputation of Nasser Al-Khelaifi and Paris Saint-Germain. A French sport streaming, RMC Sports was one of the key networks to amplify the campaign started by TV program Complément d'enquête against Al-Khelaifi, after a legal case raised questions over his governance practices.
In January 2026, ADQ was folded into L'imad, a separate sovereign wealth entity associated with Abu Dhabi crown prince Khaled bin Mohamed Al Nahyan.
See also
- International Holding Company
- ADIA
- Mubadala
- Abu Dhabi Investment Office
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