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…
Leading Saudi Arabian family office has major successes in 2019
January 23, 2020 (London) According to an article published by McKinsey & Company, 2019 was an annus mirabilis year for Saudi Arabia based family office, Abdul Latif Jameel (AJL), with Ford and Amazon announcing significant investment in ALJ-backed electric-vehicle manufacturer Rivian, noting that Amazon has planned initial purchases of 100,000 of its vehicles. The article also highlighted Abdul Latif Jameel…