Mubadala and Sberbank sign deal to explore opportunities

Mubadala and Sberbank sign deal to explore opportunities

Abu Dhabi / WAMMubadala Investment Company (Mubadala) an Abu Dhabi-based sovereign investor, and Sberbank, the largest bank of Eastern and Central Europe, on Tuesday signed a strategic agreement to explore opportunities of mutual benefits. The agreement covers cooperation in multiple areas, including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, forex hedging and credit risks, among others. Furthermore, the agreement paves the way for potential cooperation and investments in areas such as artificial intelligence, cybersecurity, life sciences, venture capital, Islamic finance, telemedicine and education. Sberbank and Mubadala are jointly developing a more detailed roadmap outlining engagement and cooperation plans across these verticals. The Sberbank-Mubadala strategic partnership will unlock potential co-investment initiatives in both Russia and the Middle East, which are also