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Sunday, 22 January 2017

Ipic and Mubadala name board for $125 billion mega merger | The National

Ipic and Mubadala name board for $125 billion mega merger | The National:

"Mubadala Development and International Petroleum Investment Company (Ipic) have named the new board for their US$125 billion merged company, the government announced on Saturday. The chairman of the board of the combined conglomerates will be Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, as vice chairman. Khaldoon Al Mubarak, the Mubadala chief executive, will be chief executive of the new merged entity, which has been named Mubadala Investment Company, which will be one of the world’s largest strategic investment companies with 68,000 employees."



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