Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Tags: Sovereign wealth fund
China’s New Sovereign Fund Chief Faces Pressure to Boost Returns
Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
Good investments boost Singapore sovereign fund
Temasek, a Singaporean sovereign wealth fund, posted a portfolio gain citing good investments as reason.
New CIC Head to be appointed
According to a WSJ report, China is set to appoint Ding Xuedong to be the new head of China Investment Corporation.
Dangote Cement Sells Stake to Sovereign Wealth Fund
Dangote Cement sells off 1.5% to an unidentified sovereign wealth fund for 45.8 billion naira. (Photo : Reuters)The image is of Africa's richest man, Aliko Dangote.
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Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
Russia said that the government is still not receiving any requests to buy Qatar-controlled VTB. Russia has said that it did not receive any requests from sovereign wealth fund from Qatar to purchase shares in state-controlled bank VTB, accounting to Russian First Deputy Prime Minister Igor Shuvalov.
A unit of Qatar's sovereign wealth fund has bought a 22 percent stake in CITIC Capital Holdings.
Major private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia.
