Abu Dhabi’s International Holding Company (IHC) has announced the creation of a major financial services holding entity, Judan Financial, which will command an impressive $236.88 billion (Dh870 billion) in assets under management. The new conglomerate will consolidate financial assets from IHC, Alpha Dhabi, 2PointZero Group, and Sirius International Holding, spanning diverse sectors including banking and insurance.
With an estimated valuation of approximately Dh100 billion, Judan Financial will oversee a portfolio of more than 20 operating financial services companies, including the prominent alternative investment firm Lunate. The entity will be chaired by Sheikh Tahnoun bin Zayed Al Nahyan, who serves as the UAE’s national security adviser and also chairs both the Abu Dhabi Investment Authority (ADIA) and IHC.
Mohamed Hassan Alsuwaidi, the UAE’s investment minister, has been appointed as Chief Executive Officer of Judan Financial. His mandate includes scaling the platform over the next five years and attracting third-party institutional capital. This strategic move follows a significant reorganization last month that saw Abu Dhabi’s newest sovereign wealth fund, L’imad Holding, assume control of ADQ, creating an investment powerhouse chaired by the emirate’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.