Abu Dhabi fund Mubadala sells 7.6 percent ADIB stake to National Holding
- Date: 07-May-2023
- Source: Al Arabiya
- Sector:Financial Services
- Country:UAE
Abu Dhabi fund Mubadala sells 7.6 percent ADIB stake to National Holding
Mubadala Investment Company, Abu Dhabi’s second biggest sovereign wealth fund, has sold its 7.6 percent stake in Abu Dhabi Islamic Bank to a unit of investment firm National Holding, they said in a joint statement on Friday.
Emirates International Investment Company (EIIC), the strategic investment arm of Abu Dhabi-based National Holding, was already ADIB’s top shareholder and the acquisition of Mubadala’s stake takes its holding to 47 percent of ADIB.
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