Abu Dhabi's state-run International Petroleum Investment Co (Ipic) has about $46 billion (Dh168.82 billion) in assets, exceeding targets, Chairman Khadem Abdullah Al Qubaisi said.
The investment fund with unit Aabar Investments became the biggest investors in carmaker Daimler AG, bought stakes in Spanish utility Compania Espanola de Petroleos and started sponsoring a Formula 1 team last year. IPIC invests in international oil and gas projects.
"Perhaps we have to recalibrate our growth targets," Al Qubaisi said in an interview published in a UAE energy yearbook entitled Oil & Gas Year that was presented yesterday.
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