We're not that rich!
Sheikh Khalifa bin Zayed al-Nahyan, president of the United Arab Emirates, has downplayed the size of Abu Dhabi’s sovereign wealth fund, saying that estimates that it has assets of around $800bn are exaggerated.
The Abu Dhabi Investment Authority (Adia) – of which Sheikh Khalifa is chairman of the board – is often described as the world’s largest sovereign wealth fund, with estimates of its size ranging from $450bn to $800bn-plus. The secretive fund has never revealed its size, which has added to the speculation, but pressure has been mounting on sovereign investment vehicles to be more transparent.
Lend us a fiver will ya?
Abu Dhabi downplays size of wealth fund
The Abu Dhabi Investment Authority (Adia) – of which Sheikh Khalifa is chairman of the board – is often described as the world’s largest sovereign wealth fund, with estimates of its size ranging from $450bn to $800bn-plus. The secretive fund has never revealed its size, which has added to the speculation, but pressure has been mounting on sovereign investment vehicles to be more transparent.
Lend us a fiver will ya?
Abu Dhabi downplays size of wealth fund
Labels: abu dhabi, adia, khalifa, wealth fund
posted by grapeshisha at
8:10 PM
1 Comments:
The National has a great article on this today. Click here
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