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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Adia may invest in UAE bonds, says Saudi bank

Posted on 20 July 2009

From Business24-7.ae: The Abu Dhabi Investment Authority (Adia) may depart from its long-standing tradition and begin investing in the local market by buying bonds planned by the UAE Government and other institutions, a key Saudi bank said yesterday.

Although it has not specified the size of the planned sovereign bond issue, the UAE Federal Government will not find any difficulty raising money from local and foreign markets given its high rating and strong financial position, Samba Financial Group, previously known as Saudi American Bank, said in a study………..Full Article: Source


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