23
May
2023
Disclaimer

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This information does not constitute an offer, or an invitation to purchase, securities of Abu Dhabi Developmental Holding Company PJSC (ADQ) in the United States or in any other jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.  Potential users of this information are requested to inform themselves about and to observe any such restrictions.ADQ's securities cannot be offered, sold, transferred or otherwise disposed of, in the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act of 1933, as amended (the Securities Act)), absent registration, or an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act.  ADQ has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.This communication has not been approved by the United Kingdom Financial Conduct Authority. This communication does not constitute an offer of the securities to the public in the United Kingdom. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order), and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, and (iv) any other persons to whom it may otherwise lawfully be communicated or caused to be communicated (all such persons in (i) to (iv) together being referred to as Relevant Persons). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this communication or any of its contents.This is an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (the Prospectus Regulation). Investors should not subscribe for or purchase any securities referred to in this advertisement except on the basis of information contained in the base prospectus.

ADQ and NBA announce multiyear collaboration to engage fans and youth basketball players in Abu Dhabi

Highlights

  • ADQ Named Presenting Partner of The NBA Abu Dhabi Games 2023 Featuring the Dallas Mavericks and Minnesota Timberwolves Playing Two Preseason Games
    on Oct. 5 and 7 at Etihad Arena on Yas Island.
  • ADQ Will Support League’s Grassroots Basketball Development Programming in the UAE that Promotes a Healthy and Active Lifestyle.

ADQ, an Abu Dhabi-based investment and holding company, and the National Basketball Association (NBA) today announced a multiyear collaboration to engage fans and youth basketball players in Abu Dhabi.  

The agreement makes ADQ the Presenting Partner of The NBA Abu Dhabi Games 2023, featuring the Dallas Mavericks and the Minnesota Timberwolves playing two preseason games on Thursday, Oct. 5 and Saturday, Oct. 7 at 8 p.m. GST at Etihad Arena on Yas Island in Abu Dhabi.  ADQ will also host and support the NBA’s grassroots basketball programs in the United Arab Emirates (UAE), including as part of the league’s existing collaboration with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi).  

The collaboration will see ADQ support a variety of NBA fan engagement, youth development and social impact initiatives to develop the next generation of fans and players in the UAE and promote a healthy and active lifestyle, including the Jr. NBA Abu Dhabi League, NBA FIT clinics, NBA Cares events, and NBA youth basketball development camps over the summer.

Anas Albarguthi, Chief Operating Officer at ADQ, commented: “Through this groundbreaking collaboration, ADQ will contribute to the increasing prominence of the sport and bolster the Emirate’s profile as an attractive destination, while encouraging healthier lifestyles. Our track record in partnering with leading organizations to promote physical activity both on a professional and an amateur level has served to prove that sports yield tangible benefits for local communities.”

“Engaging with local communities and growing basketball at the grassroots level are cornerstones of our broader efforts to use the game to inspire and connect people in the Middle East and globally, and our collaboration with ADQ will help us teach the game and its values to the next generation of fans and players,” said NBA Europe and Middle East Managing Director Ralph Rivera.  

The NBA Abu Dhabi Games 2023 Presented by ADQ will air live in the UAE and across the Middle East and North Africa on beIN SPORTS, The Sports Channel and NBA League Pass, and reach fans in more than 200 countries and territories on television, digital media and social media.  NBA games have aired in the UAE since the 1987-88 season.  

The NBA Abu Dhabi Games 2023 Presented by ADQ are part of a multiyear collaboration between the NBA and DCT Abu Dhabi.  Last year the Atlanta Hawks and the Milwaukee Bucks played the league’s first games in Abu Dhabi and the Arabian Gulf.

Tickets for The NBA Abu Dhabi Games 2023 Presented by ADQ will go on sale at a later date.  Fans can register their interest in receiving more information, including exclusive ticket presale, special ticket packages offering premium access, VIP experiences, hospitality and local hotel accommodations, by visiting NBA.com/AbuDhabi.  

Fans can follow the NBA on Instagram, Snapchat and Twitter (@NBAArabic) for the latest updates, news and content in Arabic.  NBA fans in the UAE and across the Middle East can shop online at NBAStoreME.com and at the NBA Store at Yas Mall in Abu Dhabi for the widest selection of authentic NBA products ever available in the region.

No items found.

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

Direct to your inbox

ADQ News and Insights delivered directly to your inbox

Latest News

The ADQ FWD platform brings together industry experts, government, and advocacy leaders to discuss and address issues of economic and strategic importance for the UAE.