Abu Dhabi's Crown Prince Takes Control of $450 Billion Investment Behemoth

Abu Dhabi has rolled its fastest-growing wealth fund into a new entity, L’imad, overseen by Crown Prince Sheikh Khaled bin Mohammed and Department of Finance head Jassem Al Zaabi. The entity encompasses ADQ's local assets and has a history of global dealmaking. The development marks a shift in Abu Dhabi's dealmaking landscape, previously dominated by entities overseen by Sheikh Tahnoon bin Zayed. L'Imad has already made headlines with its backing of Paramount Skydance's hostile bid for Warner Bros. Discovery.