Aabar undervalued as asset base grows

Aabar Investments, the Abu Dhabi government-backed company with interests from sports cars to space travel, has grabbed the attention of local investors seeking elusive returns from turbulent markets

Depsite a 40 per cent rally in the last month, the company which now owns a 32 per cent stake in Virgin Galactic, is still under-valued, analysts say.

Al Mal Capital said yesterday it was updating its net asset value on Aabar given the significant gains in the company’s investments in listed equities, especially its 9.1 per cent stake in Daimler, the world’s second-largest maker of luxury cars.