Abu Dhabi controls Dh3.67trn assets - Emirates 24/7

Abu Dhabi controls Dh3.67trn assets - Emirates 24/7:



"Abu Dhabi’s financial ambassadors such as banks and investment vehicles control more than $1 trillion (Dh3.67 trillion) worth of assets, according to the head of the Abu Dhabi securities market.



Ahmed Al Sayegh said most of the assets are held by the Abu Dhabi Investment Authority (Adia), one of the world’s largest sovereign wealth funds (SWF), as well as Mubadala development company and the International Petroleum Investment Company (Ipic), the emirate’s overseas downstream investment arm. 




Speaking at a stock market conference in Abu Dhabi on Tuesday, he said Mubadala alone has invested nearly Dh202 billion since it was created more than 10 years ago while Ipic controls in excess of Dh238 billion. The government-controlled National Bank of Abu Dhabi also has a large asset base, estimated at Dh330.5 billion, he added."



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