Mubadala to invest £800 million into the UK life sciences sector
March 24, 2021 The Financial Times has reported that the UAE has sealed a multibillion-pound investment partnership with the UK to invest in British health, technology, clean energy and infrastructure, a significant post-Brexit boost. Mubadala will pump £800 million ($1.4 billion) into the life sciences sector over five years alongside £200 million from a British government fund. The investments in…
Number of Saudi investment funds increase with assets totaling $117bn
March 13, 2021 According to data released by the Capital Market Authority (CMA) the number of investment funds in the Kingdom increased to 691 [worth SR442 billion ($117.87 billion)] in 2020, from 607 in 2019, with 254 public funds and 437 private funds. Read the original report in the Arab News: Saudi investment fund assets rise 26% to $117bn in…
Virtual meetings play significant role for half of institutional investors
March 10, 2021 According to an article published by Private Equity News, new research shows that at least half of LPs are willing to forego face-to-face meetings with fund managers when making commitments, as measures to overcome Covid-19 restrictions force companies to become more flexible. That said, the new research also found that most investors prefer to stick to their…
Sustainable Shariah-compliance funds favoured by Islamic investors
March 9, 2021 According to an article on Funds Global MENA, the past couple of years have seen many Islamic funds integrate environment, social and governance (ESG) principles with investment houses around the world are responding quickly to the trend in socially responsible investing (SRI). After Schroder’s Global Investor Study 2019 showed that increasing numbers of investors were putting more…
S&P reports that Saudi wealth fund PIF will support credit growth
Mar 8, 2021 Analysis from KFGO shows investments by Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, according to S&P Global Ratings. A $400 billion investment vehicle, the PIF plans to inject at least 150 billion riyals ($40 billion) annually in the local economy until 2025, and to increase its…