Mubadala to invest in UAE financial sector
United Arab Emirates: Tuesday, May 27 - 2008 at 09:31
Mubadala Development Company, an investment arm for the Abu Dhabi government, is looking to invest in the UAE's financial services sector, a company official told Gulf News. Greg Fewer, Mubadala's project and corporate finance adviser, said the company plans to tap the financial services sector through partnerships with international companies. Mubadala is not looking to acquire existing financial institutions, nor will it seek to establish new ones, but rather develop the business itself, he added.
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Jeff Florian, Senior ReporterTuesday, May 27 - 2008 at 09:31 UAE local time (GMT+4)
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