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FINANCIAL NEWS
Korea’s KIC to invest $50m in Mubadala fund
23 Dec 2010
(MENAFN) Chin Young-wook, Chief Executive at Korea Investment Corp (KIC), said that it will invest $50 million in an infrastructure fund run by Mubadala Development Co, the investment arm of the Abu Dhabi government, Arabian Business reported.
According to Young-wook, the mentioned fund aims to secure approximately $500 million in investments by the end of the first quarter of the upcoming year, and will primarily focus on infrastructure investments in the Middle East, North Africa and Turkey.
KIC, which manages more than $30 billion in assets, is charged with managing some of Korea’s foreign exchange reserves, and invests only in overseas markets using foreign currency, Young-wook added.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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