ADIO and ARTE Capital collaborate to foster investment in Abu Dhabi
November 30, 2023 The Abu Dhabi Investment Office (ADIO) today announced a collaboration with Hong Kong-based ARTE Capital, one of Asia’s leading asset managers, to set up its regional headquarters in Abu Dhabi and launch a $1 billion fund for Chinese companies expanding to the Middle East. Announced during the flagship Abu Dhabi Finance Week 2023, the move underscores Abu…
Masdar partners with Emirates Steel Arkan to develop green hydrogen project
November 22, 2023 Abu Dhabi’s clean energy company Masdar is teaming up with Emirates Steel Arkan to develop a green hydrogen project to decarbonise the hard-to-abate steel sector in the UAE. The pilot project, which is being hailed as the first of its kind in the Mena region, will be located at Emirates Steel’s production units in the Industrial City of Abu Dhabi…
ADIA exploring investing in energy transition opportunities
November 10, 2023 Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, is exploring opportunities to invest in energy transition as the global landscape shifts to investments in greener and more sustainable projects and technology. The wealth fund, which is a consistent investor in the renewable energy sector, held an energy transition summit in Abu Dhabi…
PIF raises stake in luxury carmaker Aston Martin
November 09, 2023 Saudi Arabia’s sovereign wealth fund, PIF, has raised its stake in luxury carmaker Aston Martin to 20.5% from 17.9%, a bourse filing at the London Stock Exchange showed. With a 2.6% increase in its holdings, the Public Investment Fund now holds a greater share in the UK-firm than Geely and Chinese entrepreneur Shufu Li. Read the original…
Masdar wins bid for $1 billion solar plant in Saudi Arabia
November 08, 2023 Abu Dhabi state-owned renewable energy firm Masdar, along with two other companies, has won a bid to develop and operate a $1 billion solar plant in Saudi Arabia. The consortium of the UAE firm, France’s EDF Renewables and Saudi conglomerate Nesma Company has signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) to…
Greenstone Equity Partners launches Investor Advisory Board to accelerate growth in the GCC
April 28, 2022 (Dubai, UAE) Greenstone Equity Partners, the leading capital raising firm in the Middle East, announced the formation of its Investor Advisory Board of prominent GCC business leaders to provide strategic guidance and support as Greenstone continues its expansion after 11 years of operations in the region. The Investor Advisory Board has been established with the goal to…
Greenstone Equity Partners and CenterSquare Investment Management secure $125 Million for Service Properties’ Joint Venture
March 2, 2022 (Dubai, UAE) CenterSquare Investment Management announced the launch of a Service Properties’ Joint Venture (the JV) with a Middle Eastern capital partner. The JV has the ability to acquire up to $125 million in assets. Greenstone Equity Partners led CenterSquare’s capital raising across the GCC. The JV is focused on acquiring and building a diversified portfolio of…
Pelion Venture Partners Close Pelion Venture Partners Fund VII at $365 Million
December 14, 2021 (Dubai, UAE) Earlier this month, Pelion Venture Partners announced the October closure of their Pelion Venture Partners Fund VII at $365 million, exceeding their initial target of $250 million. Greenstone Equity Partners, the largest licensed fund placement firm in the Middle East, supported Pelion Venture Partners in achieving fund closure by raising capital from its network of GCC-based…