14
December
2022
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NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION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 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (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 dated 29 April 2024, as supplemented by the supplement thereto dated 25 September 2024.

Tadweer transferred to ADQ's portfolio

Highlights

  • Ownership of Abu Dhabi Waste Management PJSC (Tadweer) transferred to ADQ from the Government of Abu Dhabi
  • Transfer complements ADQ’s prominent energy and utilities portfolio and its efforts in supporting the nation’s circular economy

ADQ, an Abu Dhabi-based investment and holding company, today announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Pursuant to a law issued by the Ruler of Abu Dhabi, Tadweer was converted to a PJSC and full share ownership was transferred to ADQ from the Government of Abu Dhabi.

Tadweer joins ADQ's prominent energy and utilities portfolio, complementing its efforts in shaping the nation’s sustainable future and building an integrated portfolio of global champions within their diversified clusters. The transfer further solidifies ADQ’s position in supporting the deployment of circular economy principles and drive excellence across its expanding asset portfolio.

Waste management is a cornerstone of a circular economy which contributes to a more sustainable future for the UAE. Tadweer is a valuable addition to our energy and utilities portfolio, particularly as it plays a vital role in extracting value through recycling and the reuse of waste. It complements our investments across key clusters in the local economy that are already contributing to a sustainable environment. We look forward to supporting Tadweer’s future growth and efforts in delivering best-in-class services for Abu Dhabi’s community and the region.”

Hamad A. Alhammadi, Executive Director, Energy & Utilities Portfolio at ADQ

Becoming part of the ADQ portfolio is a key milestone on our journey to transform Abu Dhabi’s approach to waste management. Developing an integrated waste management sector remains fundamentally important to Abu Dhabi and the health and safety of its community. With Abu Dhabi’s largest portfolio of energy and utilities investments, ADQ will strengthen our proposition, help us forge new partnerships with its portfolio companies, and achieve our goal of significantly reducing waste in landfills over the next decade.

Ali Al Dhaheri, Acting Director General of Tadweer

Tadweer is the sole custodian of waste management for the Emirate of Abu Dhabi committed to developing an integrated waste management sector and becoming a leader in extracting value from waste to contribute to national sustainability ambitions.

ADQ’s energy and utilities portfolio also includes Abu Dhabi National Energy Company (TAQA), Emirates Nuclear Energy Corporation (ENEC), Emirates Water and Electricity Company (EWEC) and Abu Dhabi Sewerage Services Company (ADSSC).

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.