Industry: Banking & Finance
Company: Aabar Investments
As the chairman of Aabar Investments, Khadem Al Qubaisi’s recent string of high-profile acquisitions have helped propelled Abu Dhabi onto the international map.
Under Qubaisi’s stewardship, Aabar acquired a 32 percent stake in Virgin Galactic. More recently Aabar played a role in the biggest merger of 2012, Glencore’s tie-up with mining giant Xstrata. In 2011, the firm bought a $1bn stake in Glencore, although Aabar announced that it had written off $392m of that investment last November. The firm also holds a 21.57 stake in Dubai contracting giant Arabtec, which has won a number of big-money deals in Abu Dhabi in recent months. Al Qubaisi now chairs Arabtec and is also the chairman of Takaful, I-Media newspaper and Hyundai Oilbank in South Korea.