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Greenstone Investors in the News

Blockchain oil trading platform backed by Saudi Aramco Ventures

January 28, 2020 (Dammam) A recent article on Unlock has reported that Saudi Aramco Energy Ventures (SAEV) has recently invested $5 million into VAKT, a blockchain-based post-trade platform.  Managing physical energy transactions from trade entry to final settlement, the VAKT platform enables faster and easier processing by eliminating reconciliation and paper-based processes. The article went on to note that SAEV's…

Six clean energy project receive $105 million commitment from ADFD

January 16, 2020 (Abu Dhabi) According to PV Magazine, the Abu Dhabi Fund for Development (ADFD) has committed $105 million to half a dozen Caribbean and Africa based megawatt scale projects featuring solar.  The article further suggested that the fund will also look to back the development of energy storage, waste-to-energy and biogas facilities in addition to the near 42.5…

ADIA to sell $2 billion on private equity book

January 14, 2020 (Abu Dhabi) A recent article on Bloomberg reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is expected to sell $2 billion of its private equity holdings as it follows through on plans to increase direct investment holdings.  The article went on to report ADIA is working with advisers at PJT Park…

SAR200 million for renewable energy joint venture

December 20, 2019 (Saudi Arabia) According to the Saudi Gazette, the General Investment Authority (SAGIA) has announced a joint venture (JV) between the Al Rushaid Group and the French-based Optimum Tracker, to provide design and engineering services in the field of solar energy.  The JV willl create a new, Saudi-registered company which will focus on the manufacturing of mounting system…

PIF commits $1 billion to SMEs in the Kingdom

December 19, 2019 (Saudi Arabia) Wamda has reported that Saudi Arabia’s Public Investment Fund (PIF) has committed $1 billion to a new fund of funds, which will invest in venture capital and private equity funds geared towards boosting small and medium enterprises (SMEs) in the Kingdom. The initiative is expected to help create jobs and diversify the economy. Read the…

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