Money and business

Tahnoon bin Zayed chairs a board meeting "Holding" (AdQ)

Abu Dhabi, October 8/ WAM/ His Highness Sheikh Tahnoon 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 Holding Board (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 a strong and sustainable growth.

The council was briefed on the efforts made by “ADQ” to enhance its role in the main sectors and its achievements in this field, among them the acquisition of 35% stake in the “Limagarin for Vegetable Seed” company of the “Limagreen” group, which specializes in the production of seeds. The development of food and agricultural capabilities, while the partnership between “Sallal”, one of the companies affiliated with the “ADQ” portfolio (ADQ “, and” Limgreen for vegetable seeds “contributes to accelerating the pace of innovation to develop adaptive seeds with the desert environment, and enhances the national food security agenda of the UAE.
The Council reviewed some of the achievements made by the “ADQ” investment portfolio companies. In the transportation and logistical services sector, the 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, to continue the double growth that the company has achieved for more than 4 years, which confirms the importance of the role that the company plays In diversifying the economy of the UAE and enhancing its association with the world.
As for the Abu Dhabi Ports Group, the commercial operations at the CMA Terminalz container began in Khalifa Port at the beginning of this year, and achieved an 80% increase in use in the second quarter, and 62% since the beginning of the year.

The group also increased by 17% in the volume of container handling on an annual basis in the second quarter, and an increase of 13% in the volume of public shipments.

The revenues of the Abu Dhabi Ports Group amounted to 9.4 billion dirhams, an increase of 17% on an annual basis, supported by the continuous growth in the trade movement through the Emirate of Abu Dhabi and the expansion of the partnerships of the Global Group.

The group’s profits also increased before calculating benefits, taxes, depreciation and consumption by 9% on an annual basis to 2.30 billion dirhams, which reflects the strength of the various sectors of the group and its ability to transform the increase in the volumes of shipping handling into profitable growth.
In the energy and utilities sector, the “Taqah” company completed an important acquisition of $ 1.2 billion on the Spanish company “GS Inma”, one of the leading international companies in water management and desalination.

The deal contributes to strengthening the international presence of “energy” and adding about 171 million gallons per day of desalination capabilities to the current power of the company, amounting to 1,250 million gallons per day.

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

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

The profits before calculating interest, taxes, destruction and consumption reached 10.2 billion dirhams for the first half of 2025, which reflects the durability of the basic operations of the group and the management of the costs, as its international presence expands more stability in profits.
In the health care and life sciences sector, the Pure Health hospital network continued its growth in the first half of 2025, as the number of patients visits to outpatient clinics increased by 13% on an annual basis to 4.4 million visits, and patients ’entry to hospitals increased by 7% to 108 thousand cases.

Pure Health revenues of 13.6 billion dirhams, achieving 9% growth on an annual basis, confirming its ability to meet the increasing demand for health care services and establish its position as the largest provider of integrated health care services in the region.

The profits increased before calculating benefits, taxes, destruction and consumption to 2.3 billion dirhams, an increase of 8% on an annual basis, which reflects the company’s ability to achieve a balance between rapid expansion and maintain profitability and sustainable profit margins.
In the real estate investment sector, the “cities of” project “Dim”, its first residential complex on the island of Al -Hudayriyah, which provides more than 1,700 plots of building.

The company announced the sale of all units of the “Mahira” project, which is a luxurious residential project with the free ownership system on Al -Reem Island, on the day of its launch.

“Greedura”, 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 for the implementation of strategic infrastructure projects.

And “cities” achieved revenues of 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 standard real estate sales and strong demand for new projects in Abu Dhabi. The profits also increased before calculating benefits, taxes, destruction and consumption to 2.9 billion dirhams, or nearly four times compared to last year, which reflects the volume of growth and profitability in strengthening the company’s march.
The Board of Directors discussed the efforts of “ADQ” and its plans to adopt an effective approach to talent management through its portfolio companies. This approach comes within the framework of the most comprehensive “ADQ” Holding efforts, which aims to translate strategic companies’ ambitions into specific priorities, to define the necessary vital roles and ensure the provision and support of resources.

Through the alignment of talents with the strategy, the “ADQ” investment portfolio companies will be able to implement efficiently, accelerate growth, and achieve sustainable value in the long run.
The Council also briefed on the progress made for the “ADQ” SPRINT AI program, which aims to enhance efforts to employ data and artificial intelligence through 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 cases of artificial intelligence on a large scale, to achieve a tangible impact on business in the current year and beyond … while progress was made in the development of the joint data platform and artificial intelligence in the portfolio.
The meeting was attended by His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, His Excellency Jassim Mohammed Bouakaba 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 Hamid, and Cage-Eric Riland.
His Excellency Mohamed Hassan Al -Suwaidi, Managing Director and CEO of the group in “Holding”, said that: (AdQ) “in line with the directives of His Highness Sheikh Tahnoon bin Zayed Al Nahyan,” ADQ “continues its efforts to enhance the flexibility of the Abu Dhabi economy through qualitative investments that are compatible with national priorities, including efforts to enhance food security and reflect the achievements of the second quarter of our full commitment By supporting the goals of the emirate’s economic growth, consolidating the leadership and institutional excellence in the group’s subsidiaries to achieve value in the long run and establish the pillars of growth and prosperity. ”

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