AME Info | Aabar

Aabar Investment acquires AIG Private Bank

Tue, 02 Dec 2008 06:00:04 GMT

Aabar Investment PJSC (Aabar) is pleased to announce the signing of a binding agreement to acquire AIG Private Bank Ltd. (AIG Private Bank) from its parent company American International Group, Inc. (AIG).

Khadem Al Qubaisi takes over as Aabar Chairman

Thu, 18 Sep 2008 05:14:48 GMT

Following a meeting of the Board of Directors of Abu Dhabi-listed Aabar Investments PJSC which was held in the UAE capital, H.E. Khadem Al Qubaisi, Managing Director of International Petroleum Investment Company ('IPIC') has taken over the Chairmanship of the Board of Aabar Investments from outgoing chairman Mr. Abdulhamid Saeed.

Aabar completes sale of upstream oil unit Pearl Energy

Wed, 21 May 2008 08:19:01 GMT

Following the earlier announcement of 21 April 2008, Aabar Energy PJSC (Aabar) announces that it has completed the sale of its wholly owned exploration and production subsidiary Pearl Energy Limited (Pearl) to Mubadala Development Company PJSC (Mubadala).

Aabar announces management changes

Wed, 21 May 2008 05:41:50 GMT

Following completion of the sale of the exploration and production subsidiary Pearl Energy Limited (Pearl) to Mubadala Development Company PJSC (Mubadala), Aabar Energy PJSC (Aabar) announces changes to its management team.

Aabar records first-quarter net profit of Dhs40m

Thu, 01 May 2008 07:25:24 GMT

Aabar Energy PJSC ('Aabar') announces that net profit for the three months to 31 March 2008 totaled Dhs40.1m compared with Dhs1.96m in the corresponding period in 2007 following an increase in the prices realised from the sale of crude oil produced by the wholly-owned subsidiary Pearl Energy Limited ('Pearl').