Abu Dhabi Investment Office

Türkiye Signs Cooperation Agreements in the Fintech Sector with Gulf Countries

Retrieved on: 
Wednesday, July 26, 2023
Fintech, Renewable energy, Abu Dhabi Investment Office, Private sector, Investment, United Arab Emirates, Health, Arms industry, Drug

ISTANBUL, July 26, 2023 /PRNewswire/ -- Türkiye boosts fintech collaboration with Gulf countries through signed agreements during visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and establish itself as a fintech hub.

Key Points: 
  • ISTANBUL, July 26, 2023 /PRNewswire/ -- Türkiye boosts fintech collaboration with Gulf countries through signed agreements during visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and establish itself as a fintech hub.
  • Private sector representatives assessed Gulf countries' investment and cooperation opportunities.
  • Just like in many other sectors, Türkiye can also become a hub for Gulf countries in the fintech field."
  • Türkiye can potentially be a hub for Gulf countries in the fintech field, just like it's in many other sectors."

Türkiye Signs Cooperation Agreements in the Fintech Sector with Gulf Countries

Retrieved on: 
Wednesday, July 26, 2023
Fintech, Renewable energy, Abu Dhabi Investment Office, Private sector, Investment, United Arab Emirates, Health, Arms industry, Drug

ISTANBUL, July 26, 2023 /PRNewswire/ -- Türkiye boosts fintech collaboration with Gulf countries through signed agreements during visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and establish itself as a fintech hub.

Key Points: 
  • ISTANBUL, July 26, 2023 /PRNewswire/ -- Türkiye boosts fintech collaboration with Gulf countries through signed agreements during visits to Saudi Arabia, Qatar, and the UAE, aiming to strengthen bilateral relations and establish itself as a fintech hub.
  • Private sector representatives assessed Gulf countries' investment and cooperation opportunities.
  • Just like in many other sectors, Türkiye can also become a hub for Gulf countries in the fintech field."
  • Türkiye can potentially be a hub for Gulf countries in the fintech field, just like it's in many other sectors."

NIO Inc. Announces Closing of Strategic Equity Investment from CYVN

Retrieved on: 
Wednesday, July 12, 2023
Transfer, Investment, Tencent, NIO, Abu Dhabi, HKEX, Abu Dhabi Investment Office, Nio Inc., NYSE

SHANGHAI, China, July 12, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$738.5 million strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government with a strategic focus on advanced and smart mobility (collectively referred to as “CYVN Entities”), previously announced on June 20, 2023 (the “Investment Transaction”).

Key Points: 
  • SHANGHAI, China, July 12, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$738.5 million strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government with a strategic focus on advanced and smart mobility (collectively referred to as “CYVN Entities”), previously announced on June 20, 2023 (the “Investment Transaction”).
  • Based on publicly disclosed information, CYVN Entities also acquired certain Class A ordinary shares of the Company from an affiliate of Tencent for an aggregate consideration of US$350 million (the “Secondary Share Transfer”).
  • Following the Investment Transaction and the Secondary Share Transfer, CYVN Investments RSC Ltd in aggregate beneficially owns approximately 7.0% of the Company’s total issued and outstanding shares.
  • Going forward, NIO and CYVN Entities will work jointly to pursue strategic collaborations in international business and technology cooperation.

Centerbridge Partners and GIC Complete Acquisition of INDUS Realty Trust, Inc.

Retrieved on: 
Thursday, June 29, 2023
Banking, Architecture, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, Building Systems, REIT, Finance, Landscape, Interior Design, Slate, LLP, Standard Chartered, Morgan Stanley, J.P. Morgan & Co., Latham & Watkins, Simpson Thacher & Bartlett, Acquisition, ADIA, Skadden, Arps, Slate, Meagher & Flom, Growth, Abu Dhabi Investment Office, Abu Dhabi Investment Authority, GIC, Real estate, Cryptocurrency, Centerbridge Partners

Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will act as a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.

Key Points: 
  • Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will act as a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.
  • “We are excited to have closed this transaction and look forward to the Company’s next phase under Centerbridge, GIC and ADIA’s ownership,” said Michael Gamzon, President and CEO of INDUS.
  • Morgan Stanley & Co. LLC served as exclusive financial advisor to INDUS and Latham & Watkins LLP served as legal counsel to INDUS.
  • Simpson Thacher & Bartlett LLP served as legal counsel to Centerbridge and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to GIC.

Enrichly Ventures into Abu Dhabi with Funding from the Abu Dhabi Investment Office and Support from the ECA

Retrieved on: 
Tuesday, May 23, 2023
Learning, ECA, Poverty, IBM, JPMorgan Chase, Partnership, Abu Dhabi Investment Office, Suicide, Research, Violence, Growth, Trauma, United Arab Emirates, Self-neglect, Toy, MassChallenge, Techstars

The company was selected as one of only six growth-stage startups to receive $220,000 in non-equity funding from Techstars Anjal-Z in partnership with the Abu Dhabi Early Childhood Authority (ECA).

Key Points: 
  • The company was selected as one of only six growth-stage startups to receive $220,000 in non-equity funding from Techstars Anjal-Z in partnership with the Abu Dhabi Early Childhood Authority (ECA).
  • The Abu Dhabi Early Childhood Authority is the governmental agency in Abu Dhabi, and Enrichly is now partnered with ECA’s Anjal-Z program.
  • Enrichly has received funding from the Abu Dhabi Investment Office and was hand selected by the royal family.
  • We are grateful for the support of the Abu Dhabi Investment Office, ECA, Techstars, and the royal family.

Fullsteam Secures Major Investment from Aquiline and ADIA to Fuel Growth in Payments Technology and Vertical Software

Retrieved on: 
Thursday, May 25, 2023
Main Street, Heart, Goldman Sachs, Acquisition, ADIA, Willkie Farr & Gallagher, Growth, Abu Dhabi Investment Office, Abu Dhabi Investment Authority, Software, Financial services, Fullsteam Records, Aquiline

Aquiline will remain as the lead investor in the company and ADIA will become a significant minority investor.

Key Points: 
  • Aquiline will remain as the lead investor in the company and ADIA will become a significant minority investor.
  • At the heart of its business model lies the integration of merchant payment processing and core vertical software.
  • We are delighted to partner with Aquiline and Fullsteam to support the business as it embarks on its next phase of growth."
  • Today, Fullsteam is emerging as a leading buyer and supporter of vertical software companies driving these two trends in North America.

Clean Cooking Alliance Launches New Resources to Facilitate Sector Investment

Retrieved on: 
Tuesday, May 23, 2023
Carbon, Acumen, Clean Cooking Alliance, Shell Foundation, Abu Dhabi Investment Office, CCA, Collection, Growth, Tourism, Renewable energy

WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) has launched a new collection of resources to help investors and donors deepen their understanding of, and engagement with, companies working to help accelerate access to clean cooking.

Key Points: 
  • CCA's new Investor Resources will help investors and donors deepen their understanding of the clean cooking sector.
  • WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) has launched a new collection of resources to help investors and donors deepen their understanding of, and engagement with, companies working to help accelerate access to clean cooking.
  • Carbon offset revenues from clean cooking projects continue to drive increased interest from new and existing investors, while the many co-benefits of clean cooking remain attractive to donors.
  • These new resources will help investors interested in identifying clean cooking companies to investigate further in their own due diligence processes, as well as donors looking to design a call for proposals that includes clean cooking.

SHAREHOLDER ALERT: Weiss Law Reminds CVT, XM, INFI, and WAYN Shareholders About Its Ongoing Investigations

Retrieved on: 
Tuesday, April 18, 2023
Main Street, Main Street Fairness Act, Curie–Weiss law, WAYN, Blackstone, XM, Acquisition, OTC, Abu Dhabi Investment Office, MEI, Abu Dhabi Investment Authority, CVT, Blackstone Inc.

Under the merger agreement, CVT shareholders will receive $8.50 in cash for each CVT share, valuing it at $4.6 billion.

Key Points: 
  • Under the merger agreement, CVT shareholders will receive $8.50 in cash for each CVT share, valuing it at $4.6 billion.
  • The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").
  • Under the terms of the merger agreement, XM shareholders will receive $18.15 in cash for each share of XM owned.
  • Under the terms of the merger agreement, INFI will become a wholly owned subsidiary of MEI Pharma.

INDUS Files Preliminary Proxy Statement

Retrieved on: 
Friday, March 31, 2023
REIT, Logistics, Supply Chain Management, Transport, Commercial Building & Real Estate, Construction & Property, Centerbridge Partners, Acquisition, ADIA, Investment, Abu Dhabi Investment Office, Abu Dhabi Investment Authority, GIC, Real estate, Security (finance), Cryptocurrency

In addition, Centerbridge has informed INDUS that, in connection with signing of the definitive merger agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has agreed to become a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.

Key Points: 
  • In addition, Centerbridge has informed INDUS that, in connection with signing of the definitive merger agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has agreed to become a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.
  • The preliminary proxy statement contains important information including the background of, and reasons for, the proposed transaction.
  • Michael Gamzon, President and CEO of INDUS, commented, “We are pleased to have filed the preliminary proxy and continue on our path to closing the merger.
  • As a high-quality industrial portfolio, INDUS represents another strong acquisition for GIC’s growing portfolio of investments in the U.S. industrial sector.

United Arab Emirates B2C Ecommerce Market Analysis Report 2023-2027 - Firms are Investing in Fulfillment Centers to Serve the Growing e-Commerce Market

Retrieved on: 
Friday, March 31, 2023
Partnership, Food, Travel, Abu Dhabi Investment Office, Reward, GMG, Beauty, Knowledge, Growth, City, Transport, Emirati, Medium, Football, Food delivery, Online shopping, Emirates, Amazon

DUBLIN, March 31, 2023 /PRNewswire/ -- The "United Arab Emirates B2C Ecommerce Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 31, 2023 /PRNewswire/ -- The "United Arab Emirates B2C Ecommerce Market" report has been added to ResearchAndMarkets.com's offering.
  • B2C Ecommerce market in United Arab Emirates is expected to grow by 14.80% on annual basis to reach US$30.7 billion in 2023.
  • The Medium to long-term growth story of B2C Ecommerce industry in United Arab Emirates promises to be attractive.
  • The country's B2C Ecommerce Gross Merchandise Value will increase from US$26.8 billion in 2022 to reach US$46.8 billion by 2027.