- Abu Dhabi Investment Authority (ADIA) has made a capital commitment to Polus Capital Management, a London-based credit investor
- The funding from a wholly-owned subsidiary of the sovereign wealth fund is for Polus’? Special Situations strategy, which invests in “stressed and distressed “corporate debt.
- ADIA, a diverified global investor controlling nearly $1 trilllion of assets, is pushing more investments into private credit as it looks to pick up distressed assets.
- Abu Dhabi’s sovereign wealth fund, Mubadala, has made its first investment in global neobank?Revolut, as part of a share sale that valued the company at U.S.$45 billion.
- The transaction,?reported?to have taken place in August, involved the sale of U.S.$500 million worth of shares by Revolut employees.
- Mubadala, alongside other key investors like Coatue, D1 Capital Partners, and Tiger Global, participated in the deal, according to sources cited by Financial Times.
- The project company, led by EDF Renewables and Korea Western Power (KOWEPO), alongside their partner Abu Dhabi Future Energy Company PJSC – Masdar, announced today the successful financial closing of the 1.5 gigawatt (GW) AC Al Ajban Solar Photovoltaic (PV) Independent Power Producer (IPP) project in the Emirate of Abu Dhabi.
- Following a successful bid submission, the project company owned by EDF Renewables and KOWEPO (20% stake each) as lead members, and Masdar as local shareholder (60% stake) signed a 30-year Power Purchase Agreement (PPA) with the Emirates Water and Electricity Company (EWEC), and will design, finance, build and operate the plant.
- Italian energy services provider Saipem has secured a new offshore contract, valued at approximately $2 billion (€1.8 billion), for the development of an oil and gas field in Saudi Arabia.
- This contract, which is part of the long-term agreement with Saudi Aramco and follows the completion of the bidding procedure, is for the Marjan field.
- Saipem’s scope of work includes the EPCI of various offshore structures and systems.
