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BUSINESSAug 17 · 04:52 UTCBLOOMBERGLaura Gardner Cuesta and Dinesh Nair

L’imad’s Ports Deal Signals Abu Dhabi Wealth Fund’s Growing Role

Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city's port operator, valuing the firm at 31.8 billion dirhams ($8.66 billion). This deal is expected to bolster the emirate's infrastructure efforts and could help it bypass the Strait of Hormuz.

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L’IMADorganizationAbu DhabiplacePort operatortopicStrait of Hormuzplace
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L’imad’s Ports Deal Signals Abu Dhabi Wealth Fund’s Growing Role · The Nexus