Company Insights Abu Dhabi Investment Authority Banking & Finance Abu Dhabi Investment Authority Overview The Abu Dhabi Investment Authority – or Adia – is a sovereign wealth fund that was created to invest funds on behalf of Abu Dhabi’s government. Adia manages the emirate’s excess oil reserves and is one of the world’s largest sovereign wealth funds, estimated by the Sovereign Wealth Fund Institute to manage more than $990 billion. Originally set up as the Financial Investments Board in 1967, it was converted into the Abu Dhabi Investment Authority in 1976 by the UAE’s founding president Sheikh Zayed bin Sultan Al Nahyan Adia’s manages a diversified global investment portfolio spanning most industry sectors across the world, ranging from international equities, private equity and bonds to real estate, infrastructure, retail and renewable energy. It owns large stakes in companies including the Swiss bank UBS, private equity companies Carlyle Group and Blackstone, Hyatt Hotels and the retail and entertainment conglomerate Majid Al Futtaim. Adia says three important decisions form the foundations of ADIA’s growth and contribution to Abu Dhabi’s economy: that it looks beyond market cycles and fluctuations and invests for the long term; that it is an Abu Dhabi-based, global investor and that it is independent of domestic political and regulatory considerations. Abu Dhabi Investment Authority News Economy Kuwait renews $2bn deposit with Central Bank of Egypt Kuwait has renewed a $2 billion deposit with Egypt for an additional year, the Central Bank of Egypt (CBE) said in its latest external report. The deposit, scheduled to be due in April 2024, will now mature in April 2025. The Gulf nation currently holds $4 billion in deposits with the CBE. While one tranche […] December 4, 2024 Finance IHC stands by Adani investments despite US indictment Abu Dhabi’s International Holding Company (IHC) is standing firm on its outlook for investments in the Adani Group despite an indictment against its billionaire owner Gautam Adani and seven others in the US. The conglomerate, led by its chair and the UAE’s national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, has been one of […] November 28, 2024 Construction US charges billionaire Gautam Adani in $265m bribery case US prosecutors have indicted Indian billionaire Gautam Adani and seven others, including his nephew Sagar Adani, in connection with an alleged $265 million bribery scheme tied to India’s largest solar power project. Adani has extensive business interests in the Arabian Gulf. The indictment, unsealed in New York on Wednesday, accuses the Adanis and Vneet Jaain, […] November 21, 2024 Analysis Banking & Finance Bankruptcy law change lures private credit to UAE A new bankruptcy law which came into effect in the UAE earlier this year is attracting an influx of private credit into the country after boosting investor confidence. Private credit is non-bank lending to businesses, by private investors. Introduced on 1 May 2024, the new regulations shook up insolvency laws that had only been in force […] November 21, 2024 Finance Kuwait appoints new head of $1trn wealth fund Kuwait Investment Authority (KIA), one of the world’s largest sovereign wealth funds, has appointed a new managing director. Sheikh Al-Sabah, a fund board member, will assume the role, replacing Ghanem Al-Ghenaiman, whose four-year term was cut short as he reached retirement age, Bloomberg reported, citing informed sources. The change in top leadership comes as the […] November 15, 2024 Finance Adia taps scientists and hedge funds to boost returns The Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, is using a team of 125 data scientists and hedge funds to expedite its decision-making process. “We are using our increased data and scientific skills to assist the senior investment team to make dynamic allocation decisions,” Bloomberg reported, quoting Jean-Paul Villain, director of […] November 14, 2024 Banking & Finance Adia to buy $1bn stake in US software company Qlik Abu Dhabi’s sovereign wealth fund is buying a $1 billion stake in data analytics software company Qlik, the latest deal in a string of Gulf purchases from buyout groups. Thoma Bravo, a US buyout group that specialises in software businesses, acquired Qlik for $3 billion in 2016 and is to sell a stake to the […] November 11, 2024 Infrastructure Adia-backed platform to invest in more Indonesia toll roads A road toll platform backed by a wholly owned subsidiary of Abu Dhabi Investment Authority (Adia) has invested in a new section of the Trans Sumatra Toll Road that is being built across the island of Sumatra in western Indonesia. Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), announced on Monday that its toll road platform […] October 28, 2024 Editor's Insight Economy Labour would do well to heed the Gulf There is still another week to go before UK chancellor Rachel Reeves’s first Budget. The long-awaited statement should set the direction and priorities for the new Labour government over the next four years. And, for Gulf investors and many others, ... Register now: It’s easy and free This content is available for registered members only. […] October 25, 2024 Aviation Adia to invest $750m in debt of India’s GMR Group Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, will invest about $750 million in the debt of India’s GMR Group, giving it a foothold in one of the world’s fastest-growing aviation markets. The investment will also allow the Indian company to reduce the pledged shareholding on its airports business. Adia has invested […] October 23, 2024 Posts navigation 1 2 … 11 Next
Economy Kuwait renews $2bn deposit with Central Bank of Egypt Kuwait has renewed a $2 billion deposit with Egypt for an additional year, the Central Bank of Egypt (CBE) said in its latest external report. The deposit, scheduled to be due in April 2024, will now mature in April 2025. The Gulf nation currently holds $4 billion in deposits with the CBE. While one tranche […] December 4, 2024
Finance IHC stands by Adani investments despite US indictment Abu Dhabi’s International Holding Company (IHC) is standing firm on its outlook for investments in the Adani Group despite an indictment against its billionaire owner Gautam Adani and seven others in the US. The conglomerate, led by its chair and the UAE’s national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, has been one of […] November 28, 2024
Construction US charges billionaire Gautam Adani in $265m bribery case US prosecutors have indicted Indian billionaire Gautam Adani and seven others, including his nephew Sagar Adani, in connection with an alleged $265 million bribery scheme tied to India’s largest solar power project. Adani has extensive business interests in the Arabian Gulf. The indictment, unsealed in New York on Wednesday, accuses the Adanis and Vneet Jaain, […] November 21, 2024
Analysis Banking & Finance Bankruptcy law change lures private credit to UAE A new bankruptcy law which came into effect in the UAE earlier this year is attracting an influx of private credit into the country after boosting investor confidence. Private credit is non-bank lending to businesses, by private investors. Introduced on 1 May 2024, the new regulations shook up insolvency laws that had only been in force […] November 21, 2024
Finance Kuwait appoints new head of $1trn wealth fund Kuwait Investment Authority (KIA), one of the world’s largest sovereign wealth funds, has appointed a new managing director. Sheikh Al-Sabah, a fund board member, will assume the role, replacing Ghanem Al-Ghenaiman, whose four-year term was cut short as he reached retirement age, Bloomberg reported, citing informed sources. The change in top leadership comes as the […] November 15, 2024
Finance Adia taps scientists and hedge funds to boost returns The Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, is using a team of 125 data scientists and hedge funds to expedite its decision-making process. “We are using our increased data and scientific skills to assist the senior investment team to make dynamic allocation decisions,” Bloomberg reported, quoting Jean-Paul Villain, director of […] November 14, 2024
Banking & Finance Adia to buy $1bn stake in US software company Qlik Abu Dhabi’s sovereign wealth fund is buying a $1 billion stake in data analytics software company Qlik, the latest deal in a string of Gulf purchases from buyout groups. Thoma Bravo, a US buyout group that specialises in software businesses, acquired Qlik for $3 billion in 2016 and is to sell a stake to the […] November 11, 2024
Infrastructure Adia-backed platform to invest in more Indonesia toll roads A road toll platform backed by a wholly owned subsidiary of Abu Dhabi Investment Authority (Adia) has invested in a new section of the Trans Sumatra Toll Road that is being built across the island of Sumatra in western Indonesia. Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), announced on Monday that its toll road platform […] October 28, 2024
Editor's Insight Economy Labour would do well to heed the Gulf There is still another week to go before UK chancellor Rachel Reeves’s first Budget. The long-awaited statement should set the direction and priorities for the new Labour government over the next four years. And, for Gulf investors and many others, ... Register now: It’s easy and free This content is available for registered members only. […] October 25, 2024
Aviation Adia to invest $750m in debt of India’s GMR Group Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, will invest about $750 million in the debt of India’s GMR Group, giving it a foothold in one of the world’s fastest-growing aviation markets. The investment will also allow the Indian company to reduce the pledged shareholding on its airports business. Adia has invested […] October 23, 2024
