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ABU DHABI FUND INVESTS US$ 7.5 BILLION IN CITIGROUP
Info-Prod Research (Middle East), November, 2007
According to anba: The Abu Dhabi Investment Authority (ADIA), responsible for investing US$ 650 billion in funds in the emirate of Abu Dhabi, the world's sixth largest oil exporter, purchased 4.9% of United States-based financial group Citigroup for US$ 7.5 billion, according to information from Dubai newspaper Khaleej Times.
With the purchase, according to the Market Watch Website, of the Dow Jones group, ADIA has now become the leading individual shareholder of Citigroup, surpassing the Saudi prince Alwaleed bin Talal, who bought a stake in the company in 1991 and currently has a capital of US$ 6 billion in Citibank. Nevertheless, according to the France Presse agency, the purchase of Citigroup shares will not give ADIA the right to select members for the company's board of...
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