QIA looking to invest in electricity transmission and distribution
September 20, 2019 (Qatar) According to an article published on Business Today, the Qatar Investment Authority (QIA) is looking to purchase a 20% - 25% minority stake in Adani Electricity Mumbai Limited (AEML) for up to $425 million - $575 million. AEML is India’s largest private sector integrated power utility and is the flagship power transmission and distribution asset of…
KIA commits to Alaska Permanent Fund
September 13, 2019 (Kuwait) Pensions&Invetsments has reported that the Kuwait Investment Authority (KIA), along with AP3 and Stockholm, has joined three other sovereign wealth funds in Capital Constellation with commitments totaling $300 million. Originally launched in 2018, the joint venture helps Juneau, a $65.8 billion Alaska Permanent Fund to invest in emerging private equity and alternative investment firms. To date,…
Alkhabeer generates 44.6% in net cumulative return for investors
September 10, 2019 (Jeddah) According to an article published on Trade Arabia, Alkhabeer Capital has successfully exited Alkhabeer Land Development Fund II (ALDF II) and achieved a 44.6% in net cumulative returns. ALDF II was a $231 million Shariah-compliant closed-ended fund that generated capital growth through the acquisition, development and sale of more than 242,000 sq. m of commercial and…
Abu Dhabi is betting big on technology and innovation
September 6, 2019 (Abu Dhabi) According to an article published on Reuters, Abu Dhabi is betting big on technology and innovation that are central to the emirate’s economic diversification strategy. Accordingly, Mubadala is expected to invest in Vision Fund 2 in the fourth quarter of 2019. SoftBank, a Japanese telecom and investment group, announced Vision Fund 2 in July, and has…
Saudi Arabia names new Aramco chairman
September 2, 2019 (Dubai) Reuters has reported that Saudi Arabia has named Yasir al-Rumayyan, head of The Public Investment Fund of Saudi Arabia (PIF), as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant prepares to go public. The article noted that Rumayyan, a former investment banker, was appointed managing director of the PIF in September…