Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Khadem Al Qubaisi

Khadem Al Qubaisi

Industry: Banking & Finance

Company: Aabar Investments

Designation: Chairman

Country: UAE

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.

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