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Why Abu Dhabi’s Two Biggest Investment Funds are Merging: Q&A | Sovereign Wealth Funds Briefing
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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Why Abu Dhabi’s Two Biggest Investment Funds are Merging: Q&A

Posted on 30 June 2016

Abu Dhabi said it will merge two of its largest state-owned investment companies as the emirate grapples with a decline in crude prices and a slowdown in economic growth.
The combination of International Petroleum Investment Co. and Mubadala Development Company PJSC will be overseen by a committee including United Arab Emirates’ Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan and oil minister Suhail Al Mazrouei, according to a statement on state-run WAM news agency Wednesday………………………………………..Full Article: Source


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