Browsing: sovereign wealth fund

Spanish holding company Criteria announced on Monday that it had not reached an agreement with Abu Dhabi’s TAQA regarding a potential joint bid to acquire the Spanish gas company Naturgy.

Saudi Arabia’s offering of shares in the oil giant Aramco received more demand than the available stock shortly after launching on Sunday, potentially raising up to $13.1B in a significant test of global interest in the kingdom’s assets.

The UAE and South Korea have entered into a Comprehensive Economic Partnership Agreement (CEPA) aimed at significantly reducing import duties and bolstering business and investment relations, coinciding with President Sheikh Mohamed bin Zayed Al Nahyan’s visit to the Asian nation.

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has significantly reduced its holdings in US stocks during the first quarter of the year, nearly halving the value of its direct investments in these equities.

Abu Dhabi’s Mubadala Capital is gearing up for a substantial investment venture in Brazil, planning to allocate around $13.5B over the next decade.

UAE banks’ investments exceeded the AED 650M mark by the end of February 2024, reaching their highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Global asset management firm BlackRock announced on Tuesday its plans to establish a new investment platform in Saudi Arabia, with backing of up to $5B from the kingdom’s sovereign wealth fund, the Public Investment Fund (PIF).

Abu Dhabi has established MGX, a technology investment firm specializing in artificial intelligence, microchips, and cutting-edge technologies.

Etihad Airways, headquartered in Abu Dhabi, has rebounded to profitability and is actively enhancing transparency, governance, and financial stability in anticipation of a potential initial public offering (IPO), as stated by CEO Antonoaldo Neves.

Saudi Arabia’s Public Investment Fund (PIF) has successfully concluded the pricing of a $5B Reg S international bond offering under its Euro Medium-Term Note Program, aligning with its strategy to consistently broaden its funding channels.