Business | Investment
Mubadala to raise aviation and realty portfolio
Mubadala Development Company, the investment vehicle of the Government of Abu Dhabi that manages over $10 billion of assets, is planning further acquisitions in aerospace, energy and real estate firms, an executive of the company said yesterday.
- Reuters
- Published: 00:53 February 20, 2008
Singapore: Mubadala Development Company, the investment vehicle of the Government of Abu Dhabi that manages over $10 billion of assets, is planning further acquisitions in aerospace, energy and real estate firms, an executive of the company said on Tuesday.
Mubadala chief operating officer Waleed Al Muhairi said the fund was not planning further buys in financial institutions, but could slightly raise its 7.5 per cent stake in the Carlyle Group.
Stakes
Mubadala has diversified stakes in energy, telecommunication, aerospace, automotives, healthcare, real estate and ship building sectors.
Since last September, a slew of sovereign wealth funds have bought up stakes in the ailing US financial sector.
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