Company Insights Abu Dhabi Investment Authority Banking & Finance Abu Dhabi Investment Authority News Banking & Finance Abu Dhabi-backed Swiss skincare group raises $1bn A Swiss skincare group backed by the Abu Dhabi Investment Authority has raised $1 billion from newly issued shares. Galderma aims to use the funds to boost its balance sheet ahead of a planned stock market listing. The company, founded in 1981, was bought in 2019 by a consortium led by the Abu Dhabi sovereign […] June 27, 2023 Banking & Finance Abu Dhabi to invest $6bn in French buyout fund Abu Dhabi Investment Authority, the UAE’s largest sovereign wealth fund, has agreed to invest $6 billion in a new buyout fund launched by French private equity firm Ardian. Ardian has collected more than $20 billion for a secondary fund that aims to buy stakes in private equity funds from investors that opt to sell early, […] June 26, 2023 Banking & Finance Mubadala-backed investor in race to buy US publisher A US-based investment company, backed by Abu Dhabi’s Mubadala Investment Company, has emerged as a bidder for American book publisher Simon & Schuster. Octavian & Co., an investment company based in New York and publisher of the quarterly magazine “Octavian Report”, is headed by Richard Hurowitz, The Wall Street Journal reported citing informed sources. Nasdaq-listed […] June 22, 2023 Analysis Trade Deals surge as trade between Spain and UAE increases Barcelona outdoor furniture brand Kettal will enter the UAE luxury living market next year in an agreement with family office Vivium Holding, as UAE-Spain trade rose sharply in early 2023. Vivium Holding will exclusively distribute Kettal’s premium collections, with plans to open a flagship store in the UAE in 2024. Elie Khouri, founder and CEO […] June 21, 2023 UAE president names Abu Dhabi crown prince and deputy rulers UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan has issued a decree appointing Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as the crown prince of Abu Dhabi. Sheikh Khaled is the eldest son of Sheikh Mohammed bin Zayed. The president also appointed Sheikh Hazza bin Zayed and Sheikh Tahnoun bin Zayed […] March 30, 2023 Banking & Finance Abu Dhabi fund to invest $500m in Indian eyewear startup The UAE’s sovereign fund Abu Dhabi Investment Authority (ADIA) will invest $500 million in Lenskart, becoming the largest stakeholder in the India-based eyewear retailer. The companies have signed a definitive document through which ADIA’s wholly owned subsidiary will route the investment by purchasing both primary and secondary shares in Lenskart. The deal is subject to statutory and regulatory approvals. The […] March 17, 2023 Transport Abu Dhabi sets up new company to develop transport systems Abu Dhabi will set up a new company to develop and operate transport systems in its rural and urban areas. Abu Dhabi Transport Company will develop rail systems and all other related services and operations. It will provide integrated transport services, including the rental of vehicles and buses, the UAE’s state-run WAM news agency reported. […] March 12, 2023 Banking & Finance Sheikh Tahnoun named chair of Abu Dhabi wealth fund Sheikh Tahnoun bin Zayed Al Nahyan has been named chairman of Abu Dhabi Investment Authority as part of a shake-up of the UAE capital’s sovereign wealth funds. The country’s national security advisor, Sheikh Tahnoun is the brother of UAE president Sheikh Mohammed bin Zayed Al Nahyan, who took office last May. Founded in 1976, ADIA […] March 10, 2023 Banking & Finance Abu Dhabi weighs bid for 34% stake in UK port operator Abu Dhabi Investment Authority (ADIA) is among several companies planning to bid for a 34 percent stake in Associated British Ports (ABP), valued at nearly £2 billion ($2.42 billion). Stonepeak Partners LP and British Columbia Investment Management Corporation are among the other investors interested in the stake being sold by Canada Pension Plan Investment Board […] February 22, 2023 Analysis Banking & Finance Gulf wealth funds look to snap up ‘cheap’ assets in West Sovereign wealth funds across the Middle East are forecast to take advantage of “limited competition” from global peers this year to pursue “cheap” assets in Europe, the US and other western markets. A sharp drop in stock and bond markets over the past year has resulted in the combined value of the world’s sovereign wealth […] January 3, 2023 Posts navigation Previous 1 … 11 12 13 14 Next
Banking & Finance Abu Dhabi-backed Swiss skincare group raises $1bn A Swiss skincare group backed by the Abu Dhabi Investment Authority has raised $1 billion from newly issued shares. Galderma aims to use the funds to boost its balance sheet ahead of a planned stock market listing. The company, founded in 1981, was bought in 2019 by a consortium led by the Abu Dhabi sovereign […] June 27, 2023
Banking & Finance Abu Dhabi to invest $6bn in French buyout fund Abu Dhabi Investment Authority, the UAE’s largest sovereign wealth fund, has agreed to invest $6 billion in a new buyout fund launched by French private equity firm Ardian. Ardian has collected more than $20 billion for a secondary fund that aims to buy stakes in private equity funds from investors that opt to sell early, […] June 26, 2023
Banking & Finance Mubadala-backed investor in race to buy US publisher A US-based investment company, backed by Abu Dhabi’s Mubadala Investment Company, has emerged as a bidder for American book publisher Simon & Schuster. Octavian & Co., an investment company based in New York and publisher of the quarterly magazine “Octavian Report”, is headed by Richard Hurowitz, The Wall Street Journal reported citing informed sources. Nasdaq-listed […] June 22, 2023
Analysis Trade Deals surge as trade between Spain and UAE increases Barcelona outdoor furniture brand Kettal will enter the UAE luxury living market next year in an agreement with family office Vivium Holding, as UAE-Spain trade rose sharply in early 2023. Vivium Holding will exclusively distribute Kettal’s premium collections, with plans to open a flagship store in the UAE in 2024. Elie Khouri, founder and CEO […] June 21, 2023
UAE president names Abu Dhabi crown prince and deputy rulers UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan has issued a decree appointing Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as the crown prince of Abu Dhabi. Sheikh Khaled is the eldest son of Sheikh Mohammed bin Zayed. The president also appointed Sheikh Hazza bin Zayed and Sheikh Tahnoun bin Zayed […] March 30, 2023
Banking & Finance Abu Dhabi fund to invest $500m in Indian eyewear startup The UAE’s sovereign fund Abu Dhabi Investment Authority (ADIA) will invest $500 million in Lenskart, becoming the largest stakeholder in the India-based eyewear retailer. The companies have signed a definitive document through which ADIA’s wholly owned subsidiary will route the investment by purchasing both primary and secondary shares in Lenskart. The deal is subject to statutory and regulatory approvals. The […] March 17, 2023
Transport Abu Dhabi sets up new company to develop transport systems Abu Dhabi will set up a new company to develop and operate transport systems in its rural and urban areas. Abu Dhabi Transport Company will develop rail systems and all other related services and operations. It will provide integrated transport services, including the rental of vehicles and buses, the UAE’s state-run WAM news agency reported. […] March 12, 2023
Banking & Finance Sheikh Tahnoun named chair of Abu Dhabi wealth fund Sheikh Tahnoun bin Zayed Al Nahyan has been named chairman of Abu Dhabi Investment Authority as part of a shake-up of the UAE capital’s sovereign wealth funds. The country’s national security advisor, Sheikh Tahnoun is the brother of UAE president Sheikh Mohammed bin Zayed Al Nahyan, who took office last May. Founded in 1976, ADIA […] March 10, 2023
Banking & Finance Abu Dhabi weighs bid for 34% stake in UK port operator Abu Dhabi Investment Authority (ADIA) is among several companies planning to bid for a 34 percent stake in Associated British Ports (ABP), valued at nearly £2 billion ($2.42 billion). Stonepeak Partners LP and British Columbia Investment Management Corporation are among the other investors interested in the stake being sold by Canada Pension Plan Investment Board […] February 22, 2023
Analysis Banking & Finance Gulf wealth funds look to snap up ‘cheap’ assets in West Sovereign wealth funds across the Middle East are forecast to take advantage of “limited competition” from global peers this year to pursue “cheap” assets in Europe, the US and other western markets. A sharp drop in stock and bond markets over the past year has resulted in the combined value of the world’s sovereign wealth […] January 3, 2023
