Etihad Airways (EY, Abu Dhabi International) will be folded into the portfolio of a new sovereign investment entity overseen by Abu Dhabi crown prince Sheikh Khaled bin Mohamed, following the consolidation of the assets and investments of L'imad Holding Company and ADQ - Abu Dhabi Developmental Holding Company under the umbrella of L'imad.

In a statement, the government of Abu Dhabi said this followed a resolution issued by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) on January 30.

"The resolution aims to create a sovereign investment powerhouse with a diversified asset base, supporting the Government of Abu Dhabi’s policy on sustainable investment and contributing to enhanced economic development for Abu Dhabi and the United Arab Emirates," it stated.

Etihad Aviation Group, parent of Etihad Airways, was directly owned by the Abu Dhabi government until October 2022, when SCFEA transferred its full ownership to ADQ, alongside Abu Dhabi Airports and Etihad Rail.

Under the consolidated L'imad, Etihad Airways will be part of a diversified investment portfolio that will include 25 investment companies and platforms and more than 250 group subsidiaries.

SCFEA oversees the principal sovereign investment funds of the Abu Dhabi government, namely the Abu Dhabi Investment Authority, Mubadala Investment Company, L'imad Holding Company, and the Abu Dhabi National Oil Company.