L'IMAD Holding absorbed ADQ in January 2026 to form a $300B Abu Dhabi sovereign fund. See its leaders, portfolio, Modon stake and whether it invests in Israel.
L'IMAD Holding is an Abu Dhabi sovereign investment company chaired by Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. In January 2026 the Supreme Council for Financial and Economic Affairs consolidated ADQ under L'IMAD, according to the Abu Dhabi Media Office. The combined fund holds 25 investment companies and platforms and over 250 subsidiaries, with about $300 billion in assets by Global SWF's estimate.
What is L'IMAD Holding at a glance?
| Item | Detail | Source |
|---|---|---|
| Chairman | Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi | WAM |
| Managing director and CEO | Jassem Mohamed Bu Ataba Al Zaabi | WAM |
| Board | Includes Khaldoon Khalifa Al Mubarak, who also leads Mubadala | WAM, Enterprise AM |
| Assets | About $300 billion after the merger; ADQ alone managed about $263 billion | Global Finance, Propnewstime |
| Portfolio | 25 investment companies and platforms, over 250 subsidiaries | Abu Dhabi Media Office |
| Predecessor | ADQ, formerly chaired by Sheikh Tahnoon bin Zayed Al Nahyan | Global Finance |
How did L'IMAD absorb ADQ?
L'IMAD absorbed ADQ through a Supreme Council for Financial and Economic Affairs resolution in January 2026 that consolidated the assets and investments of both funds under L'IMAD, per the Abu Dhabi Media Office. The council described the aim as a sovereign investment powerhouse with a diversified asset base.
On January 12, 2026 the council formed L'IMAD's board under Sheikh Khaled, per WAM. ADQ's first chief executive, Mohamed Alsuwaidi, left to become executive chairman of the Abu Dhabi investment manager Lunate, Global Finance reported.
Who leads L'IMAD?
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Abu Dhabi's crown prince and chairman of the Abu Dhabi Executive Council, chairs L'IMAD, according to WAM. Jassem Al Zaabi, who also chairs the Abu Dhabi Department of Finance and is vice chairman of the UAE Central Bank, is managing director and chief executive, Global Finance reported.
Al Zaabi is to expand L'IMAD's global footprint through private investment funds, alone and with strategic partners, according to the Abu Dhabi Media Office.
What does L'IMAD own?
L'IMAD's priority holdings sit in infrastructure and real estate, financial services, advanced industries and technology, urban mobility and smart cities, according to WAM. In October 2025 it took control of the real estate developer Modon Holding, using stakes from ADQ and International Holding Company, per the French Treasury, and Enterprise AM reported a 42.5% stake.
The fund came to wider notice through its participation in a $108 billion bid for Warner Bros led by Paramount and Skydance, Propnewstime reported.
How does L'IMAD fit in Abu Dhabi's sovereign system?
The Supreme Council for Financial and Economic Affairs oversees Abu Dhabi's principal sovereign funds, namely the Abu Dhabi Investment Authority, Mubadala and L'IMAD, as well as ADNOC, according to the Abu Dhabi Media Office. For a sister fund see Mubadala, and for Gulf peers see the Qatar Investment Authority, the Public Investment Fund and Mumtalakat.
Does L'IMAD invest in Israel?
Olam found no source documenting L'IMAD or ADQ investments in Israeli companies, although the UAE and Israel have official relations under the Abraham Accords. Olam's coverage of Gulf capital and Israel is in the sovereign capital section and, for Bahrain, in Bahrain-Israel financial ties.
L'IMAD FAQ
What is L'IMAD Holding?
L'IMAD Holding is an Abu Dhabi sovereign investment company chaired by Crown Prince Sheikh Khaled that absorbed ADQ in January 2026, according to the Abu Dhabi Media Office.
How big is L'IMAD?
L'IMAD has about $300 billion in assets by Global SWF's estimate, after taking in ADQ's roughly $263 billion.
Who is the CEO of L'IMAD?
Jassem Mohamed Bu Ataba Al Zaabi is managing director and chief executive, according to WAM.
What happened to ADQ?
ADQ's assets and investments were consolidated under L'IMAD by a Supreme Council resolution in January 2026.
Related Olam coverage: sovereign capital.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
