Abu dhabi: The Supreme Council for Financial and Economic Affairs (SCFEA) has issued a resolution to form the Board of Directors of L'IMAD Holding Company, with H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan appointed as the chair.

According to Emirates News Agency, the newly formed board includes influential figures such as Khaldoon Khalifa Al Mubarak and Jassem Mohamed Bu Ataba Al Zaabi, who will serve as the Managing Director and Chief Executive Officer. The board also comprises Dr Ahmed Mubarak bin Nawi Al Mazrouei, Mohamed Ali Al Shorafa, Saif Saeed Ghobash, Waleed Al Mokarrab Al Muhairi, and Kamal Ishaq Almaazmi as members.

L'IMAD was established as a sovereign investment platform by the Abu Dhabi Government. Its mandate is to support sustainable economic growth, diversify revenue sources, and achieve optimal investment returns for the emirate. The company takes an integrated investment approach to develop and manage a diversified portfolio of assets and projects across priority sectors within the UAE and internationally. These sectors include infrastructure and real estate, financial services and asset management, advanced industries and technologies, urban mobility, and smart cities.

L'IMAD collaborates with local and international partners to create long-term economic and social value. The company aims to reinforce Abu Dhabi's position as a global centre for investment and innovation.