The Kuwaiti sovereign wealth fund becomes the first non-founder financial anchor investor to join the company formed by MGX, Microsoft and BlackRock
BlackRock
Latest in BlackRock
BlackRock
PIF strikes deals with BlackRock and Neuberger Berman to boost Saudi capital markets
PIF unveils $5 billion anchor investment in BlackRock infrastructure fund and a $6 billion partnership with Neuberger Berman to deepen Saudi capital markets and boost asset management
Abu Dhabi Global Market
IHC, BlackRock and Lunate to establish $10bn reinsurance company in Abu Dhabi
Partners will back the platform initially with over $1bn in initial equity commitments; Company to be headquartered at ADGM
Artificial intelligence
UAE President Sheikh Mohamed meets with Microsoft, BlackRock, and Nvidia CEOs to explore tech opportunities
The CEOs of the three companies expressed their keen interest to continue their collaboration with the UAE in advanced technology
BlackRock
Saudi real estate: BlackRock signs major property financing deal
US finance giant signs deal with Saudi Real Estate Refinance Company
Asset Management
Saudi Arabia’s PIF ranks as world’s most valuable sovereign wealth fund
With a brand value of $1.1 billion, PIF topped the sovereign wealth fund category, driven by its strong investment strategy, brand awareness, perceived trustworthiness, and role as a catalyst for economic advancement in Saudi Arabia
BlackRock
PIF and BlackRock team up for $5bn Saudi investment firm
BlackRock will launch Saudi investment platform with help of Public Investment Fund
BlackRock
UAE-based Positive Zero to drive energy transition across GCC with $400mn BlackRock investment
The agreement between Positive Zero and BlackRock was signed at the conclusion of the 28th Conference of the Parties (COP28) in Dubai
African Entrepreneurs
Uber partner Moove secures $76mn in funding led by Mubadala
African mobility startup Moove operates the largest EV fleet by supply hours on the Uber platform in the UAE; New funds to fuel global expansion
assets under management
Jio Financial Services, BlackRock form JV to revolutionise India’s asset management industry
It will be a 50:50 JV between the newly-demerged unit of India’s biggest corporate house Reliance and the world’s largest investment company
Abu Dhabi
Partnerships and IPOs are helping to transform Abu Dhabi’s oil giant ADNOC
Some big names have already brought in billion-dollar deals with the ‘possibility of partnerships at every turn’
Aramco Gas Pipelines
Aramco, BlackRock, Hassana acquire 49% stake in Aramco Gas Pipelines Company for $15.5bn
The announcement follows the closing of a $12.4bn infrastructure transaction in connection with Aramco’s stabilised crude oil pipeline network in June 2021
Aramco Gas Pipelines
BlackRock-led group wins $15.5bn Aramco pipeline deal
In what is one of the world’s largest energy infrastructure deals, the group will buy a 49 percent stake in Aramco Gas Pipelines Co.
Abu Dhabi Investment Authority
Kuaishou draws BlackRock, Abu Dhabi to $6bn IPO
Chinese short-video start-up plans to set aside almost $2.5bn of IPO stock for about 10 cornerstone investors, sources said
Asset Management
BlackRock opens Saudi office in Riyadh
New York-based company is world’s largest asset manager
Abu Dhabi National Oil Company
UAE’s Adnoc closes $600m pipelines deal with Singapore’s SWF
Abu Dhabi National Oil Company says GIC deal marks the completion of the total investment transaction worth $4.9bn
Abu Dhabi economy
Singapore’s GIC to invest $600m in Adnoc’s pipelines
Abu Dhabi National Oil Company says it has entered into a follow-on pipeline infrastructure investment agreement with GIC