L’imad Holding completed the acquisition of a 84.76% stake in Modon Holding.

L’imad Holding, a sovereign investment platform of the Abu Dhabi government, completed the acquisition of a 84.76% stake in Modon Holding, an Abu Dhabi-based holding company. Financial terms were not disclosed. This transaction reinforces the strategic investment outlook for the real estate and infrastructure development sectors in the Emirate, and secures the optimal deployment of resources, with a focus on urban development projects that contribute to the sustainable growth of Abu Dhabi’s economy.