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FINANCIAL NEWS
Mubadala, RDIF set up USD2b investments fund
22 Jun 2013
(MENAFN) Mubadala Development Co stated that it plans on setting up a USD2 billion fund to invest in projects in Russia in partnership with the Russian Direct Investment Fund (RDIF), reported Arabian Business.
Abu Dhabi-based Mubadala also said that the two sides will contribute USD1 billion each to the fund which will be aimed at investing in different industry sectors.
It is worth noting that Russian Direct Investment Fund has worked with Middle East investors during 2012 on building the USD175 million power generator Enel OGK-5 in Russia. This was one of the few investments from the ME region in Russia, although some commitments have been made over the past year.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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