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Wednesday, 7 December 2016

Mubadala Capital to set up at Abu Dhabi Global Market | The National

Mubadala Capital to set up at Abu Dhabi Global Market | The National:
"Mubadala Capital, the financial investment business of Abu Dhabi’s strategic investment company, is to set up under the jurisdiction of Abu Dhabi Global Market, the capital’s new financial free zone.

Ahmed Al Sayegh, ADGM’s chairman, announced the move at the Bloomberg Markets Most Influential Summit on Wednesday, saying that it "confirms the strategy that our sovereign wealth funds will move into the jurisdiction".


The move is a significant development in ADGM’s growth. Mr Al Sayegh said that, in just over a year since the market was declared "open for business", it had attracted 210 companies, including some big-name international financial institutions."

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