ADQ-backed Abu Dhabi National Exhibitions, a venue offering organisers of exhibitions, conferences and events outstanding facilities, agreed to acquire Abu Dhabi National Hotels, a provider of a range of services in the hospitality sector in Abu Dhabi. If the board of ADNH recommends proceeding with the transaction, it will be subject to shareholder and regulatory approvals. Should it receive the necessary approvals, the transaction could close during the second half of 2021. After the transaction is completed, ADQ will own roughly 55% of ADNH. “This proposed offer provides a unique opportunity to create value by bringing together two major players in Abu Dhabi’s hospitality and events sector. The combined company would benefit from increased scale, new revenue opportunities, and an enhanced capital structure that will position it well for future growth,” Mansour AlMulla, ADQ CIO Alternative Investments and M&A.