By Stanley Carvalho
Abu Dhabi-based investment company says it is eyeing further opportunities.
Aabar Investments which has stakes in Daimler and Virgin Galactic, said on Tuesday its assets have grown to $10 billion and that it was eyeing more investments.
The Abu Dhabi listed firm had an asset value of some $625 million prior to state-owned International Petroleum Investment Company (IPIC) becoming the largest shareholder in Aabar.
"This value has grown in size since IPIC's investment in Aabar to approximately $10 billion as Aabar has become, in the last 12 months, one of the most prominent and active investors in Abu Dhabi," Khadem al Qubaisi, chairman of Aabar said in a statement.
Aabar is looking at increasing its investments that could include sectors such as construction, aviation and financial services, he said.
The firm is in takeover talks with Dubai-listed Arabtec. (Reuters)