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Thursday, 16 February 2017

Abu Dhabi's new $125 bln fund to start operating in May | Reuters

Abu Dhabi's new $125 bln fund to start operating in May | Reuters:

"A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said on Thursday. Mubadala Investment Co is being formed through a merger of Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors in the United Arab Emirates and around the world. The company will help to diversify the Abu Dhabi economy beyond oil through strategic investments at home and abroad, Khaldoon Khalifa al-Mubarak said in a statement."



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