L’imad names Abu Dhabi crown prince as chairman: Abu Dhabi officially formed the board of L’imad Holding Company, its newly established sovereign investment platform, and named Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan as its new chairman, according to a statement.

Who else is on the board: Jassem Al Zaabi (LinkedIn) — who also chairs Abu Dhabi’s Finance Department and telecoms group e& — will serve as managing director and CEO. He is joined by representatives from Mubadala Investment Company, including Group CEO Khaldoon Al Mubarak.

We still know very little about L’imad, but the statement said it will invest in priority sectors within the UAE and internationally, including “infrastructure and real estate, financial services and asset management, advanced industries and technologies, urban mobility, and smart cities.”

Background: The investment platform recently acquired a 42.5% stake in real estate and infrastructure development firm Modon Holding by purchasing shares from IHC and ADQ. The platform dominated global headlines in December as one of the major Gulf backers in the USD 108.4 bn hostile-bid takeover by Paramount for Warner Bros, alongside Saudi’s PIF and the Qatar Investment Authority.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Tags: