Abu Dhabi's airports, ports and power firms moved to new holding company - Reuters:
Abu Dhabi is creating a new holding company for seven state-owned firms with operations ranging from airports to power supply to make it easier for them to raise debt and improve services, three sources told Reuters.
The new holding company, Abu Dhabi Development Holding Company (ADDHC), will be led by Mohamed Hassan al-Suwaidi, a former executive of Abu Dhabi state fund Mubadala, and the seven firms could eventually be privatised.
The holding company’s portfolio will include Abu Dhabi Airports, Abu Dhabi Ports, Abu Dhabi National Exhibition Centre, Abu Dhabi Media, Abu Dhabi Power Company, Khalifa Industrial Zone Abu Dhabi, and Abu Dhabi Health Services Co, said two of the sources.
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