Abu Dhabi’s newest sovereign wealth fund has strengthened its position in power and water utility TAQA after completing a major share purchase. The latest deal increases the fund’s ownership in the state-backed company and highlights its growing influence in the region’s investment sector.
L’IMAD Holding, led by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, increased its investment through its subsidiary, Abu Dhabi Power Corporation. The company acquired an additional 9.1 billion TAQA shares, raising its total ownership to 98.12 percent.
The newly acquired shares are valued at around 21.56 billion dirhams, or about $5.87 billion, based on TAQA’s closing market price on the day of the transaction. The purchase further strengthens the government’s control over one of the United Arab Emirates’ leading utility companies.
At the same time, investment company Two Point Zero Group confirmed that it had sold its entire stake in TAQA to Abu Dhabi Power Corporation. The company said the sale is part of its ongoing strategic plans and portfolio optimization efforts. Financial details of the transaction were not disclosed.
The increase in the Abu Dhabi TAQA Stake reflects the emirate’s continued focus on expanding investments in key infrastructure assets. TAQA plays an important role in supplying electricity and water services while also investing in energy projects across several international markets.
Abu Dhabi is home to most of the United Arab Emirates’ oil reserves and controls some of the world’s largest sovereign wealth funds. Together, these state-backed investment groups are estimated to manage assets worth more than $1.8 trillion, giving the emirate significant influence in global financial markets.
L’IMAD Holding has quickly become one of the region’s most closely watched investment firms. The fund gained international attention last year after joining other Gulf investors in supporting Paramount Skydance Corp’s bid for Warner Bros Discovery. The move signaled its growing interest in major global business opportunities beyond the energy sector.
The wealth fund has expanded rapidly since taking control of peer investment company ADQ. Industry estimates place L’IMAD’s total assets at around $300 billion, making it one of the largest investment organizations in the Middle East.
The latest TAQA investment continues that growth strategy by increasing ownership in a company that provides essential public services and maintains a strong position in the energy and utilities market. Greater control could also support long-term planning and future infrastructure development across Abu Dhabi and the wider region.
Market observers view sovereign wealth funds as important drivers of economic diversification. Along with investing in energy, technology, healthcare, and media, these funds help reduce dependence on oil revenue while supporting sustainable economic growth.
With ownership now exceeding 98 percent, L’IMAD Holding has further strengthened its role in one of Abu Dhabi’s most important utility companies. The transaction also highlights the continued expansion of sovereign wealth investments as the emirate builds a diversified portfolio of strategic assets across local and international markets.
