As Gulf sovereign wealth funds sharpen their focus on global dealmaking and long-term economic transformation, Abu Dhabi is adding a new player to its state investment portfolio. The emirate has formally constituted the board of L’IMAD Holding Company, its newly launched sovereign investment platform, underscoring renewed efforts to drive growth, diversify revenues, and expand its international footprint, the Abu Dhabi Media Office announced.

While L’IMAD has maintained a low public profile since its establishment, recent disclosures point to an ambitious mandate. The platform emerged as one of the Gulf backers of Paramount-Skydance’s $108 billion bid for Warner Bros Discovery in December, joining Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority in one of the media sector’s most closely watched transactions, according to regulatory filings.

The board of L’IMAD is chaired by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and includes several senior Abu Dhabi officials, underscoring the platform’s strategic role within the emirate’s long-term economic agenda.

This announcement marks the first public release of governance details for L’IMAD, although the size of its assets under management has not been disclosed. The platform has, however, already made significant domestic moves. It recently acquired an 84.76% stake in Modon Holding PSC, which was previously jointly owned by International Holding Company and Abu Dhabi Development Holding Company.

L’IMAD is tasked with developing and managing a diversified portfolio of assets and projects across priority sectors in the UAE and globally. Its focus areas include infrastructure and real estate, financial services, and asset and investment management—sectors aligned with Abu Dhabi’s push to build resilient, future-ready sources of growth.

With the launch of L’IMAD, Abu Dhabi now operates four sovereign investment platforms, alongside Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and Abu Dhabi Development Holding Company (ADQ), further consolidating its position as one of the world’s most influential state-backed investment hubs.