ADQ, an Abu Dhabi-based investment and holding company, and IHC Capital Holding, a subsidiary of International Holding Company, plan to combine ADQ’s 100 per cent shareholding of Abu Dhabi National Exhibitions Company (Adnec), as well as its majority ownership interest in Modon Properties and IHC Capital’s entire interest in Modon into Q Holding.

The combined group would have an implied market capitalisation of approximately AED44 billion ($12 billion) with an extensive portfolio of real estate developments, venues, land plots and hospitality assets.

The proposed transaction would create one of the largest real estate, hospitality, events, and catering platforms in the region that would enhance Abu Dhabi’s position as an integrated real estate and hospitality leader, complementing the emirate’s economic transformation efforts.

It promises to create substantial value by consolidating resources and operations, forming a larger and more efficient entity with an optimised cost structure.