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Middle Eastern Sovereign Wealth Funds

 Middle East investors subscribed to 36% of Hong Kong $1 billion Sukuk

hk-dubai.jpgHong Kong government announced the successful offering of its $1 billion Sukuk to global investors, with 36% of the Sukuk distributed to the Middle East investors.

Following a global roadshow commencing 1 September 2014, covering Riyadh, Dubai, Abu Dhabi, Doha, Kuala Lumpur, Hong Kong, Singapore, London and New York, the Sukuk (a form of Islamic Bond) was allocated to over 120 global institutional investors. (In Dubai the Sukuk is expected to be listed on NASDAQ Dubai). The Sukuk saw strong demand from global investors, attracting orders exceeding $4.7 billion and recording over-subscription of 4.7 times.

To see listing and contact emails of institutional investors from the Middle East, check our 2014 edition of Middle East Investors Directory

More details follows from the Hong Kong Monetary Authority

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 The oldest surviving bank in the world selling stake to Qatar investors

qatar-italybank.jpgMonte dei Paschi di Siena, the oldest surviving bank in the world and Italy's third largest bank, is in talks to sell a 15-20% stake to the sovereign wealth fund of Qatar.

Reuters is reporting that Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58 billion) of state aid last year after being hit by the sovereign debt crisis and a derivatives scandal, is looking to raise 3 billion euros in fresh capital. A sovereign fund in Oman is also interested in acquiring stake.

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44

More details from Reuters here.

 Oman Investment Fund to buy 5 percent of India's NCDEX stake

oif-ncdex.jpgOman Investment Fund (OIF) and a hedge fund have agreed to buy 5 per cent of India-based National Stock Exchange's (NSE) stake in the National Commodity & Derivatives Exchange (NCDEX) - as Reuters reported in May.

The deal valued the bourse at $154.66 million (Rs.7 billion), said The Economic Times report which did not name the hedge fund.

More details follows from Reuters

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 Abu Dhabi fund an investor in the $1.1 billion lease of Chicago's parking meters

adia-cpc.jpgOn December 2008, Chicago City Council announced that Morgan Stanley investors have leased, for 75 years, Chicago's parking meters for $1.1 billion - with Abu Dhabi investment authority as a major investor.

This investment has since been detailed in many sources, including a dedicated article, a book called Griftopia, on an Huffington Post article last week and recently on a UAE blog called Grapeshisha. You can read those sources for more details.

 ADIA's Infinity Investments SA acquired stake in gas pipeline for $800 million

adia-statoil.jpgInfinity Investments SA, a subsidiary of the the Abu Dhabi Investment Authority (ADIA), has acquired stake in a European natural gas transport venture for $800 million.

Norwegian energy firm Statoil has agreed to sell a 24.1 percent stake in a European natural gas transport venture to a group including Infinity Investments and the German insurer Allianz for $3.25 billion - Reuters is reporting.

ADIA is listed in the Middle East Investors Directory with the code BD43.

More details follows from Reuters

Continue reading "ADIA's Infinity Investments SA acquired stake in gas pipeline for $800 million" »

More from Middle Eastern Sovereign Wealth Funds ...

  Mumtalakat and ADIA looking at new asset classes and regions (February 2011)

  Middle East investors considering a strategic investment in BP (July 2010)

  Libyan investment firm acquired stake in Pearson publishing for $324 million (June 2010)

  Qatar sovereign wealth fund the largest spender of 2009 (May 2010)

  Bahrain's sovereign wealth fund eyes global assets (May 2010)

  Qatar investors offering to invest $1 billion in the world's third-biggest shipping group (April 2010)

  UAE Investors acquired 9% stake in a NYC merchant bank (March 2010)

  Abu Dhabi Investors acquired 15% stake at Gatwick airport (February 2010)

  ADIA Managing Director talks about their firm in an 11-pages long interview (January 2010)

  Abu Dhabi investors acquired 10.8% of Hyatt Hotels (December 2009)

  Kuwait Investment Authority invested $30-$40 billion abroad since crisis (December 2009)

  Irish oil and gas firm acquired by Emirates National Oil Company (November 2009)

  Japan seeks investment from UAE sovereign wealth funds (November 2009)

  Presentation - New Insights into Sovereign Wealth Funds (November 2009)

  Abu Dhabi Investors invested $328 million in Brazil entity of Santander (October 2009)

  Libyan sovereign wealth fund to acquire Canadian company (September 2009)

  Abu Dhabi Investors to Buy Singapore's Chipmaker for $1.8 billion (September 2009)

  Kuwait Investment Authority to keep Citigroup, Merrill Lynch stakes (September 2009)

  How ADIA, Abu Dhabi wealth fund, is investing its money (March 2009)

  New York Times reports: ADIA a casualty of Madoff (December 2008)

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We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

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