Tahnoon bin Zayed chairs a board of directors meeting "Holding" (ADQ)

ABU DHABI, 8 October / WAM / His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi, Member of the Supreme Council for Financial and Economic Affairs, Chairman of the Board of Directors of the Holding Company (ADQ), chaired the third meeting of the company’s Board of Directors for the current year.

His Highness praised its contributions to enhancing economic flexibility and sustainable development, stressing its important role in achieving value within its investment portfolio, which includes many major economic sectors.
The Board of Directors reviewed the financial performance of ADQ during the second quarter of 2025, which witnessed strong and sustainable growth.

The Council reviewed the efforts undertaken by ADQ to enhance its role in key sectors and its achievements in this field, including the deal to acquire a 35% stake in the Limagreen Vegetable Seed Company, affiliated with the Limagrene Group, which specializes in seed production. This acquisition represents a strategic step to contribute to the global food value chain and enhance ADQ’s role in Developing food and agricultural capabilities, while the partnership between “Salal”, a subsidiary of the “Holding” portfolio (ADQ), and “Limagrene Vegetable Seeds” contributes to accelerating the pace of innovation to develop seeds adapted to the desert environment, and enhances the national food security agenda of the UAE.
The Council reviewed some of the achievements achieved by the ADQ Investment Portfolio companies. In the transport and logistics services sector, Abu Dhabi Airports Company succeeded in receiving more than 15.8 million passengers in the first half of 2025, an increase of 13.1% compared to the same period in 2024, continuing the double growth that the company has achieved for more than 4 years, which confirms the importance of the role played by the company. To diversify the UAE’s economy and enhance its connection with the world.
As for Abu Dhabi Ports Group, commercial operations began at the CMA Terminals container terminal at Khalifa Port at the beginning of this year, and achieved an 80% increase in usage in the second quarter, and 62% since the beginning of the year.

The group also recorded a 17% increase in container handling volume year-on-year in the second quarter, and a 13% increase in general cargo volume.

Abu Dhabi Ports Group’s revenues amounted to 9.4 billion dirhams, an increase of 17% year-on-year, supported by the continued growth in trade movement through the Emirate of Abu Dhabi and the expansion of the group’s global partnerships.

The group’s earnings before interest, taxes, depreciation and amortization also increased by 9% year-on-year to reach 2.30 billion dirhams, reflecting the strength of the group’s diverse sectors and its ability to convert increased cargo handling volumes into profitable growth.
In the energy and utilities sector, TAQA completed an important acquisition deal worth $1.2 billion of the Spanish company GS Enema, one of the leading global companies in water management and desalination.

The deal contributes to strengthening TAQA’s international presence and adding approximately 171 million gallons per day of desalination capacity to the company’s current capacity of 1,250 million gallons per day.

GS Enema also produces 1.2 million cubic meters per day (264 million gallons per day) of drinking water, treats 2.6 million cubic meters per day (572 million gallons per day) of wastewater, and handles water management work that meets the needs of 1.3 million people.

TAQA achieved revenues of 28.4 billion dirhams, an increase of 4.5% compared to the same period in 2024.

Earnings before interest, taxes, depreciation and amortization amounted to 10.2 billion dirhams for the first half of 2025, which reflects the strength of the group’s core operations and disciplined cost management, as the expansion of its international presence allows for greater stability in profits.
In the healthcare and life sciences sector, the Pure Health hospital network continued to grow in the first half of 2025, as the number of patient visits to outpatient clinics increased by 13% year-on-year to reach 4.4 million visits, and patient admissions to hospitals increased by 7% to reach 108,000 cases.

Pure Health recorded revenues amounting to 13.6 billion dirhams, achieving a growth of 9% year-on-year, which confirms its ability to meet the growing demand for health care services and consolidate its position as the largest provider of integrated health care services in the region.

EBITDA rose to 2.3 billion dirhams, an increase of 8% year-on-year, reflecting the company’s ability to achieve a balance between rapid expansion and maintaining profitability and sustainable profit margins.
In the real estate investment sector, “Modon” launched the “Wadeem” project, its first residential complex on Al Hudayriat Island, which provides more than 1,700 plots of land for construction.

The company announced the sale of all units of the “Mahera” project, a luxury freehold residential project on Al Reem Island, on the day of its launch.

Gridora, the infrastructure platform established by ADQ, International Holding Company, and Modon Holding, signed the first memorandum of understanding with the Abu Dhabi Projects and Infrastructure Center to implement strategic infrastructure projects.

“Modon” achieved revenues amounting to 6.5 billion dirhams in the first half of this year, more than three times what was achieved in the same period last year, thanks to record real estate sales and strong demand for new projects in Abu Dhabi. Earnings before interest, taxes, depreciation and amortization also rose to 2.9 billion dirhams, nearly four times compared to last year, which reflects the amount of growth and profitability in enhancing the company’s journey.
The Board of Directors discussed ADQ’s efforts and plans to adopt an effective approach to talent management across its portfolio companies. This approach comes within the framework of ADQ’s broader efforts to develop capabilities, which aim to translate the companies’ strategic ambitions into specific, implementable priorities, identify the necessary vital roles and ensure the provision of resources and support for them.

By aligning talent with strategy, ADQ portfolio companies will be able to execute efficiently, accelerate growth, and create sustainable value over the long term.
The Council also reviewed the progress made regarding the Holding Company’s Sprint AI program (ADQ), which aims to enhance efforts to employ data and artificial intelligence across portfolio companies to adopt advanced technologies that support sustainable growth in a data-based economy.

The program achieved great success and witnessed the launch of more than 15 initiatives in the field of data and artificial intelligence and the activation of more than 50 use cases for artificial intelligence on a large scale, to achieve a tangible impact on the business in the current year and beyond, while progress was made in developing the common data and artificial intelligence platform in the portfolio.
The meeting was attended by His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, His Excellency Jassim Mohammed Buataba Al Zaabi, His Excellency Mohammed Hassan Al Suwaidi, His Excellency Mohammed Mubarak Fadel Al Mazrouei, His Excellency Dr. Ahmed Mubarak Al Mazrouei, His Excellency Abdullah bin Mohammed bin Butti Al Hamed, and Kaj-Eric Rylander.
His Excellency Mohammed Hassan Al Suwaidi, Managing Director and Group CEO of the Holding, said: “In line with the directives of His Highness Sheikh Tahnoun bin Zayed Al Nahyan, the Holding (ADQ) continues its efforts to enhance the resilience of Abu Dhabi’s economy through qualitative investments that are consistent with national priorities, including efforts to enhance food security. The achievements of the second quarter reflect our full commitment.” “By supporting the emirate’s economic growth goals and consolidating leadership and institutional excellence in the group’s subsidiaries to achieve long-term value and lay the foundations for growth and prosperity.”

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter