Abu Dhabi Tightens Its Grip on TAQA as L’IMAD Expands Utility Bet
Abu Dhabi’s fast-rising sovereign investment powerhouse, L’IMAD Holding, has deepened its control over energy and water giant TAQA, marking another significant move in the emirate’s increasingly concentrated investment strategy. TAQA disclosed that Abu Dhabi Power Corporation (AD Power), a subsidiary of L’IMAD, has completed the purchase of an additional 9.1 billion shares in the utility …
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