Hedge Funds & Alternative Investments
Sovereign wealth
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Saudi Sovereign Wealth Fund to Invest in Alabbar-Led Company
Saudi Arabia’s sovereign-wealth fund said Monday that it will acquire a 50% stake in an investment company led by Emirati businessman Mohamed Alabbar. The deal comes after Adeptio AD Investments SPC Ltd. last month completed the purchase of a majority stake in Kuwait’s Americana, one of the Middle East’s largest…
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Click here to read the full story: Wall Street Journal