Money and business in the Middle East.

Indicators

Total assets (as reported)

currency bn · annual

Total assets at period end as reported by the fund: a balance-sheet total, which for a holding company can include the whole balance sheets of the subsidiaries it consolidates. Not assets under management, so not comparable with AUM figures.

Methodology: As printed by the fund, in the currency it prints (no conversion): a figure in a pegged Gulf currency is shown with its dollar value at the peg beneath it, small, never stored. The note says when the fund calls the figure consolidated or approximate.

ADQ

$251 bn (as of Apr 2025)

Total assets as reported by Semafor (Apr 2025) from an ADQ spokesperson; a secondary press source, not ADQ's own report; not assets under management.

Semafor· Tier 2 · reputable press·as of Apr 2025·source dated 18 Apr 2025·updated 4 Nov 2026

Sources

  1. Semafor · semafor.com · Tier 2 · reputable press
  2. Mumtalakat — reviewed interim condensed consolidated financial statements, H1 2025 · ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com
  3. Mumtalakat Holding Company · d22x99z9pyemfq.cloudfront.net
  4. Ministry of Foreign Affairs — Oman · fm.gov.om
  5. Investment Corporation of Dubai — Annual Report 2025 (financial highlights) · reporting.icd.gov.ae
  6. Ministry of Finance and National Economy (Bahrain) — Future Generations Reserve, audited financial statements for the year ended 31 December 2025 · mofne.gov.bh