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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Dubai Investments open to selling 40% in units

Posted on 29 December 2008

From Business24-7.ae: Dubai Investments (DI) is willing to sell up to 40 per cent stakes in any of its subsidiaries when the market situation improves, a top official said. He added that the global economic crisis is not expected to have a significant impact on future cash flows.

“We are open to selling stakes in any of our subsidiaries and possible buyers could include sovereign wealth funds,” DI Chief Executive Officer Khaled Kalban said….. Full Article: Source


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