Search results
Results from the WOW.Com Content Network
The Abu Dhabi Investment Authority (Arabic: جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $1,057 billion. [2]
The investment strategy the council is to deliver superior long-term risk-adjusted returns while preserving capital. Although the council invests globally, there is a strong focus of investing in Abu Dhabi's economy. Some of its significant past investments have included: [10] [11] [12] National Bank of Abu Dhabi; Abu Dhabi Commercial Bank
Sheik Hamad is the chairman of the board of directors of Etihad Airways, the Abu Dhabi government-owned airlines. [8] On 14 April 2010, he replaced his deceased brother Sheikh Ahmed as the managing director of Abu Dhabi Investment Authority, one of the three largest sovereign wealth fund. [9] [10] [11] [12]
Sheikh Ahmed joined the Abu Dhabi Investment Authority in 1994 and worked there as a European equities analyst. [9] He became its managing director and board member in November 1997. [5] [10] His full-brother Hamed bin Zayed replaced him as ADIA managing director in April 2010. [11] He served as Interior Minister of the United Arab Emirates in ...
Mubadala Investment Company PJSC (Arabic: شركة مبادلة للاستثمار), or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding ...
CYVN, an investment fund majority-owned by the Abu Dhabi government, will invest $2.2 billion in fresh capital in exchange for 294 million newly minted NIO class A shares at a price of $7.50 per ...
The United Arab Emirates' recent investment in OpenAI reflected its mission to leverage its oil wealth to become a new center for AI innovation. Want to get into the AI industry? Head to Abu Dhabi.
The Abu Dhabi Developmental Holding Company PJSC (Arabic: شركة أبوظبي التنموية القابضة ش.م.ع), branded ADQ since 2020, is a significant sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time.