Company Insights Abu Dhabi Investment Authority Banking & Finance Abu Dhabi Investment Authority News Finance Abu Dhabi fund buys share of hotel group in Spain Coral Reef, a subsidiary of Abu Dhabi Investment Authority, and Melia Hotels International have received approval to acquire a portfolio of 17 hotels from Equity Inmuebles in Spain and the Canary Islands. Financial details around the acquisition were not revealed. The deal was given the green light by the European Commission under EU merger regulations. […] August 22, 2023 Finance Al Mukhaizeem to head Kuwait fund’s London office The Kuwait Investment Authority has appointed Abdulmohsin Al Mukhaizeem as president and chief executive officer of its London branch. A subsidiary of the KIA’s headquarters in Kuwait, the Kuwait Investment Office (KIO) in the UK capital manages part of the Future Generations Fund (the savings portion of the sovereign wealth fund). This includes a portfolio […] August 18, 2023 Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023 Tourism Abu Dhabi checks into $900m deal for Japan hotels A subsidiary of Abu Dhabi Investment Authority is part of a consortium that has completed a $900 million deal to acquire a portfolio of hotels in Japan. The Adia subsidiary has joined Singapore’s private equity real estate firm SC Capital Partners and Goldman Sachs Asset Management in acquiring 27 hotels from Japanese developer Daiwa House […] July 19, 2023 Analysis Trade Deals and state visits fuel UAE-Turkey trade hopes The trade corridor with Turkey is expected to become one of the UAE’s fastest growing for the rest of the decade on the back of a new economic deal and high-profile state visits. UAE President Sheikh Mohamed bin Zayed Al Nahyan visited Turkey last month, an event described by his minister of economy as taking […] July 14, 2023 Banking & Finance Abu Dhabi fund may back Telecom Italia’s network bid Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, is in talks with US private equity firm KKR & Co for a joint bid of €23 billion ($25 billion) for Telecom Italia SpA’s landline network. The Abu Dhabi fund will provide equity support for the private equity firm’s bid, Bloomberg reported, citing unnamed […] July 13, 2023 Economy Egypt to sell stakes in 3 oil firms to ADQ for $800m Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under its initial public offering (IPO) privatisation programme, said Prime Minister Mostafa Madbouly. The government has received $1.65 billion and the remaining $250 million will be received in the Egyptian pound, Ahram Online reported, citing Madbouly. The new contracts include […] July 12, 2023 Analysis Trade Defence giant leads UAE charge into Latin America UAE defence conglomerate Edge has partnered with the Brazilian navy to develop long-range anti-ship missiles, weeks after opening a new regional office in the federal capital, Brasilia. The deal, described as a “significant milestone” by Mansour AlMulla, managing director and CEO of Edge, was signed during the visit of a delegation led by Reem bint […] July 10, 2023 Banking & Finance ADQ expands investment reach in Canada ADQ, the Abu Dhabi sovereign wealth fund, has expanded in Canada with the acquisition of a stake in global asset management firm Sagard, which has $14.5 billion in assets. Sagard’s majority shareholder remains Power Corporation of Canada, an investor in Europe and North America. ADQ is joined as a new minority investor by the Bank […] July 6, 2023 Banking & Finance Mena wealth funds sharpen up on sustainability Mena sovereign wealth funds’ efforts to improve their governance and sustainability practices to meet global standards appear to be bearing fruit, as they recorded the biggest improvement of all regions in a new analysis. Data platform Global SWF assessed the performance of 100 sovereign wealth funds and public pension funds on their governance, sustainability and […] July 3, 2023 Posts navigation Previous 1 … 10 11 12 … 14 Next
Finance Abu Dhabi fund buys share of hotel group in Spain Coral Reef, a subsidiary of Abu Dhabi Investment Authority, and Melia Hotels International have received approval to acquire a portfolio of 17 hotels from Equity Inmuebles in Spain and the Canary Islands. Financial details around the acquisition were not revealed. The deal was given the green light by the European Commission under EU merger regulations. […] August 22, 2023
Finance Al Mukhaizeem to head Kuwait fund’s London office The Kuwait Investment Authority has appointed Abdulmohsin Al Mukhaizeem as president and chief executive officer of its London branch. A subsidiary of the KIA’s headquarters in Kuwait, the Kuwait Investment Office (KIO) in the UK capital manages part of the Future Generations Fund (the savings portion of the sovereign wealth fund). This includes a portfolio […] August 18, 2023
Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023
Tourism Abu Dhabi checks into $900m deal for Japan hotels A subsidiary of Abu Dhabi Investment Authority is part of a consortium that has completed a $900 million deal to acquire a portfolio of hotels in Japan. The Adia subsidiary has joined Singapore’s private equity real estate firm SC Capital Partners and Goldman Sachs Asset Management in acquiring 27 hotels from Japanese developer Daiwa House […] July 19, 2023
Analysis Trade Deals and state visits fuel UAE-Turkey trade hopes The trade corridor with Turkey is expected to become one of the UAE’s fastest growing for the rest of the decade on the back of a new economic deal and high-profile state visits. UAE President Sheikh Mohamed bin Zayed Al Nahyan visited Turkey last month, an event described by his minister of economy as taking […] July 14, 2023
Banking & Finance Abu Dhabi fund may back Telecom Italia’s network bid Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, is in talks with US private equity firm KKR & Co for a joint bid of €23 billion ($25 billion) for Telecom Italia SpA’s landline network. The Abu Dhabi fund will provide equity support for the private equity firm’s bid, Bloomberg reported, citing unnamed […] July 13, 2023
Economy Egypt to sell stakes in 3 oil firms to ADQ for $800m Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under its initial public offering (IPO) privatisation programme, said Prime Minister Mostafa Madbouly. The government has received $1.65 billion and the remaining $250 million will be received in the Egyptian pound, Ahram Online reported, citing Madbouly. The new contracts include […] July 12, 2023
Analysis Trade Defence giant leads UAE charge into Latin America UAE defence conglomerate Edge has partnered with the Brazilian navy to develop long-range anti-ship missiles, weeks after opening a new regional office in the federal capital, Brasilia. The deal, described as a “significant milestone” by Mansour AlMulla, managing director and CEO of Edge, was signed during the visit of a delegation led by Reem bint […] July 10, 2023
Banking & Finance ADQ expands investment reach in Canada ADQ, the Abu Dhabi sovereign wealth fund, has expanded in Canada with the acquisition of a stake in global asset management firm Sagard, which has $14.5 billion in assets. Sagard’s majority shareholder remains Power Corporation of Canada, an investor in Europe and North America. ADQ is joined as a new minority investor by the Bank […] July 6, 2023
Banking & Finance Mena wealth funds sharpen up on sustainability Mena sovereign wealth funds’ efforts to improve their governance and sustainability practices to meet global standards appear to be bearing fruit, as they recorded the biggest improvement of all regions in a new analysis. Data platform Global SWF assessed the performance of 100 sovereign wealth funds and public pension funds on their governance, sustainability and […] July 3, 2023
