Abu Dhabi Firm That Backed Paramount’s Hostile Bid Gets a Board - Bloomberg
Abu Dhabi has appointed the board for L’Imad Holding Co., the recently created entity that drew attention after joining established Gulf wealth funds to back Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc.
Jassem Mohamed Bu Ataba Al Zaabi will serve as managing director and chief executive officer of the sovereign investment platform, according to a statement on Monday. Al Zaabi chairs several Abu Dhabi-based entities, including the emirate’s Department of Finance and telecommunications group e&.
He will be joined on the board by representatives of Mubadala Investment Co., including Group CEO Khaldoon Khalifa Al Mubarak and Deputy Group CEO Waleed Al Mokarrab Al Muhairi.
The board will be chaired by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the crown prince of Abu Dhabi.
In addition to L’Imad and Mubadala, the emirate is home to major sovereign investors such as ADQ and the Abu Dhabi Investment Authority, which together oversee about $1.8 trillion in assets.
Aside from its high-profile support for the Warner Bros. bid, L’Imad has publicly disclosed only one significant transaction so far. In late October, it agreed to buy a controlling stake in Modon Holding PSC, an Emirati property developer with a market value of about $15 billion, from ADQ and Sheikh Tahnoon bin Zayed Al Nahyan’s International Holding Co.
L’Imad plans to develop and manage a diversified portfolio across priority sectors in the United Arab Emirates and abroad, including infrastructure and real estate, financial services and asset management, advanced industries and technology, urban mobility, and smart cities, according to the statement.
Monday, 12 January 2026
#UAE's FAB teams up with T Rowe Price to expand investment services | Reuters
UAE's FAB teams up with T Rowe Price to expand investment services | Reuters
First Abu Dhabi Bank (FAB.AD), opens new tab, the United Arab Emirates' largest lender by assets, said on Monday it has entered into a strategic partnership with U.S.-based asset manager T. Rowe Price (TROW.O), opens new tab to expand its investment offerings across the Gulf region.
Under the partnership, T. Rowe Price will act as an investment partner to FAB, offering services in equities, fixed income, alternatives and multi-asset strategies, the bank said in a statement.
The collaboration aims to broaden the range of products available to FAB's retail, private banking and institutional clients, while strengthening the lender's investment management capabilities. Financial terms of the agreement were not disclosed.
Western wealth managers have increased their presence in the Gulf as its relatively neutral political stance, ease of doing business, convenient time zones, and tax free status has lured an increasingly diverse pool of investors.
First Abu Dhabi Bank (FAB.AD), opens new tab, the United Arab Emirates' largest lender by assets, said on Monday it has entered into a strategic partnership with U.S.-based asset manager T. Rowe Price (TROW.O), opens new tab to expand its investment offerings across the Gulf region.
Under the partnership, T. Rowe Price will act as an investment partner to FAB, offering services in equities, fixed income, alternatives and multi-asset strategies, the bank said in a statement.
The collaboration aims to broaden the range of products available to FAB's retail, private banking and institutional clients, while strengthening the lender's investment management capabilities. Financial terms of the agreement were not disclosed.
Western wealth managers have increased their presence in the Gulf as its relatively neutral political stance, ease of doing business, convenient time zones, and tax free status has lured an increasingly diverse pool of investors.
#Saudi leads Gulf stocks higher; Egypt extends rally to record high | Reuters
Saudi leads Gulf stocks higher; Egypt extends rally to record high | Reuters
Gulf stock markets mostly rose on Monday, with Saudi Arabia extending gains for a third straight session and Dubai climbing to its highest level since 2008, as investors took heart from property-related announcements and looked ahead to fourth-quarter earnings.
Saudi Arabia's benchmark stock index (.TASI), opens new tab gained 1.3%, with broad-based advances led by materials, real estate and communication services.
Saudi Arabian Mining Co (1211.SE), opens new tab rose 4.7% and Dar Al Arkan Real Estate (4300.SE), opens new tab jumped 7.5%, its biggest intraday rise in nearly four months, after its international arm Dar Global (DARD.L), opens new tab said it would launch two Trump-branded luxury projects in Riyadh and Jeddah with a combined value of $10 billion, according to CEO Ziad El Chaar.
"Sentiment had already been lifted last week by the announced stock market opening to foreign ownership, but momentum accelerated today following Dar Global's announcement as the country also opens in (the) property market," said Joseph Dahrieh, managing director at Tickmill.
Dubai's benchmark stock index (.DFMGI), opens new tab advanced 0.7% to 6,268, a fresh high since 2008, supported by gains in materials and communication shares. Emaar Properties (EMAR.DU), opens new tab climbed 1.4% and tolls operator Salik (SALIK.DU), opens new tab rose 2.7%.
"The market retains solid fundamentals that support a positive outlook, with upcoming Q4 earnings serving as the next potential boost," Dahrieh said.
The Qatari benchmark index (.QSI), opens new tab rose 0.7%, extending gains for a second day. Qatar Islamic Bank (QISB.QA), opens new tab added 1.1% and Qatar Gas Transport (QGTS.QA), opens new tab increased 1.4%.
The Abu Dhabi benchmark index (.FTFADGI), opens new tab ended flat as gains in utilities, telecom and technology offset losses elsewhere.
ADNOC Gas (ADNOCGAS.AD), opens new tab fell 1.2%, while Abu Dhabi National Energy Company (TAQA.AD), opens new tab rose 1.3%. Masdar, jointly owned by TAQA, ADNOC and Mubadala, said on Sunday it had signed a power purchase agreement for a solar project in Angola.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab gained 1.2% to a record close of 43,404, extending its advance to a fourth session. Commercial International Bank (COMI.CA), opens new tab surged 6.1% and Misr Fertilizers Production Co (MFPC.CA), opens new tab added 2.5%.
Gulf stock markets mostly rose on Monday, with Saudi Arabia extending gains for a third straight session and Dubai climbing to its highest level since 2008, as investors took heart from property-related announcements and looked ahead to fourth-quarter earnings.
Saudi Arabia's benchmark stock index (.TASI), opens new tab gained 1.3%, with broad-based advances led by materials, real estate and communication services.
Saudi Arabian Mining Co (1211.SE), opens new tab rose 4.7% and Dar Al Arkan Real Estate (4300.SE), opens new tab jumped 7.5%, its biggest intraday rise in nearly four months, after its international arm Dar Global (DARD.L), opens new tab said it would launch two Trump-branded luxury projects in Riyadh and Jeddah with a combined value of $10 billion, according to CEO Ziad El Chaar.
"Sentiment had already been lifted last week by the announced stock market opening to foreign ownership, but momentum accelerated today following Dar Global's announcement as the country also opens in (the) property market," said Joseph Dahrieh, managing director at Tickmill.
Dubai's benchmark stock index (.DFMGI), opens new tab advanced 0.7% to 6,268, a fresh high since 2008, supported by gains in materials and communication shares. Emaar Properties (EMAR.DU), opens new tab climbed 1.4% and tolls operator Salik (SALIK.DU), opens new tab rose 2.7%.
"The market retains solid fundamentals that support a positive outlook, with upcoming Q4 earnings serving as the next potential boost," Dahrieh said.
The Qatari benchmark index (.QSI), opens new tab rose 0.7%, extending gains for a second day. Qatar Islamic Bank (QISB.QA), opens new tab added 1.1% and Qatar Gas Transport (QGTS.QA), opens new tab increased 1.4%.
The Abu Dhabi benchmark index (.FTFADGI), opens new tab ended flat as gains in utilities, telecom and technology offset losses elsewhere.
ADNOC Gas (ADNOCGAS.AD), opens new tab fell 1.2%, while Abu Dhabi National Energy Company (TAQA.AD), opens new tab rose 1.3%. Masdar, jointly owned by TAQA, ADNOC and Mubadala, said on Sunday it had signed a power purchase agreement for a solar project in Angola.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab gained 1.2% to a record close of 43,404, extending its advance to a fourth session. Commercial International Bank (COMI.CA), opens new tab surged 6.1% and Misr Fertilizers Production Co (MFPC.CA), opens new tab added 2.5%.
Separately, Egypt's core inflation eased to 11.8% year-on-year in December from 12.5% in November, the central bank said on Sunday.
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