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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi sovereign fund may invest significantly in Malaysia’s Tun Razak Exchange

Posted on 08 March 2013

Aabar Investments PJSC, the Abu Dhabi-based sovereign fund, could be making a significant investment in Malaysia’s Tun Razak Exchange (TRX), the ambitious multi-billion-ringgit property development project by 1Malaysia Development Bhd (1MDB).
Aabar, better known in Malaysia as the fund that bought the 25% stake in RHB Capital Bhd from its sister company Abu Dhabi Commercial Bank in 2011, is known internationally for its holdings in such high-profile names as German carmaker Daimler, commodities trader Glencore and Italy’s UniCredit. If Aabar’s investment in TRX comes to fruition, then it would be a significant new foreign direct investment deal for Malaysia………………………………………..Full Article: Source


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