Sheikh Tahnoon Dominates UAE’s Trillion-Dollar Stock Market

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Sheikh Tahnoon bin Zayed Al Nahyan oversees companies with at least 65% of the benchmark FTSE ADX General Index.

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His conglomerate, International Holding Co. (IHC), valued at $240 billion, has investments ranging from Rihanna’s lingerie line to Elon Musk’s SpaceX

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IHC’s remarkable growth—over 400-fold since 2019—surpasses McDonald’s Corp and Disney Co.

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Sheikh Tahnoon, chief of Abu Dhabi’s ruling family, wields significant influence in the market.

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Abu Dhabi’s stock market has nearly tripled since April 2020, making it the world’s top-performing major market.

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The sheikh’s control, despite not being ruler or crown prince, raises questions about equal playing fields and minority shareholders’ interests.

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IHC’s CEO emphasizes accessibility for all investors, dismissing claims of exclusivity.

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Sheikh Tahnoon strategically expands his influence, acquiring companies like Zambia’s Mopani copper mine.

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UAE’s wealth funds diversify away from oil reliance, bolstering global significance.

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