Indian retail projects raise $145 million from ADIA in 2019
February 12, 2020 (Abu Dhabi) According to Arabian Business, the Abu Dhabi Investment Authority (ADIA) along with Singapore's GIC and Alpha Pacific Group (APG), Blackstone and other major private equity players have close to $1 billion into Indian retail projects in 2019, with ADIA’s investments totaling $145 million. The total private equity investment in the Indian retail realty sector saw…
Life sciences and medical technologies to receive Mubadala investment
February 11, 2020 (Abu Dhabi) A recent article on Thomson Reuters has reported that Abu Dhabi based Mubadala is looking to significantly increase investment into life science and healthcare space, noting that they see them as profitable sectors. Mubadala already owns a number of healthcare companies including Cleveland Clinic in Abu Dhabi and Amana Healthcare, which it acquired in 2019.…
Mubadala eyes Jadwa’s UAE healthcare assets
February 6, 2020 (Abu Dhabi) A recent article on Arabian Business has reported that Mubadala is working with Rothschild & Co. on structuring a potential deal with Jadwa to purchase their 42% stake in Abu Dhabi-based United Eastern Medical Services LLC (UEMedical). The article went on to suggest that despite the early stage of discussions, if the deal were to…
Mubadala leads Series B funding for home and auto insurance platform
February 2, 2020 (Dubai) Wamda has reported that the US-based digital broker Gabi has raised $27 million in Series B funding led by Abu Dhabi's Mubadala. Gabi's investor base includes the likes of Canvas Ventures, Northwestern Mutual Future Ventures, Correlation Ventures, Securian Ventures, A.Capital Ventures, and Project A, who also participated in the round. The article went on the state…
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…