His Highness Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al-Nahyan is to chair the new sovereign wealth fund: L’IMAD Holding Co.
Jassem Al-Zaaabi is named as managing director and CEO according to Abu Dhabi media office. Al-Zaabi currently chairs a series of firms in the Emirati capital, including the emirate’s finance department and Abu Dhabi-listed telco e&.
Other board members include Mubadala group CEO Khaldoon Khalifa Al-Mubarak, Waleed Al-Mokarrab Al-Muhairi, Ahmed Al-Mazrouei, Mohamed Shorafa, Saif Saeed Ghobash, and Kamal Al-Maazmi.
The development comes as L’imad Holding backed Paramount Global’s bid to acquire Warner Bros Discovery. Other GCC SWFs, including KSA’s PIF and Qatar’s QIA, backed the stalled bid. Affinity Partners – the company led by U.S. President Donald Trump’s son-in-law Jared Kushner – also backed the bid.
The board of Warner Bros recommended shareholders stick with Netflix than sell the majority of shares to GCC SWFs and Trump-owned Affinity Partners.
Abu Dhabi’s existing SWFs include Adia, Mubadala, and ADQ. GCC SWFs invested a record $119B (2025) as the region spent the majority of energy profits into AI, infrastructure, and firms to develop their domestic base.
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