Abu Dhabi Crown Prince Consolidates Power, Leads New Deal-Making Machine

• Abu Dhabi is centralizing its deal-making efforts around Crown Prince Sheikh Khaled bin Mohammed, who now oversees the new wealth fund L'imad Holding Co.
• L'imad Holding Co. integrates the $263 billion sovereign investor ADQ and is expected to be the primary contact for international investors, potentially receiving more oil revenue.
• Jassem Al Zaabi, described as highly influential, has been appointed CEO of L'imad, while Khaldoon Al Mubarak is also on its board.
• The restructuring signifies a generational shift in Abu Dhabi's power dynamics, with Sheikh Khaled gaining significant influence in geo-economics, national security, and cybersecurity.
• The new fund, despite being recently established, has already shown global ambition, including an attempt to back Paramount Skydance Corp.'s bid for Warner Bros. Discovery Inc.

Why It Matters: Abu Dhabi's Crown Prince is consolidating economic power through a new wealth fund, signaling a generational shift.