Investors in the GCC hunt for opportunities as asset prices plunge
April 16, 2020 (United Kingdom, United Arab Emirates)
Financial Times (FT) has reported that Gulf sovereign wealth funds are actively looking for assets that have become attractive in value amid the coronavirus pandemic. The article notes that Saudi Arabia’s Public Investment Fund has already made a series of substantial investments in the cruise operator Carnival, Royal Dutch Shell, Total, Repsol, Equinor, Eni, and English football club Newcastle United.
According to the FT article, Abu Dhabi’s Mubadala is eyeing healthcare technology investment opportunities in the US, Europe, and China. Qatar Investment Authority is looking to increase its exposure to North American and Asian markets as the asset prices take a hit.
Read the original article on Financial Times: Cash-rich Gulf funds hunt for bargains as asset prices plunge