19 Oct 2011
(MENAFN) Aabar Investments said that it increased its stake in Virgin Galactic in July from 31.8 percent to 37.8 percent through investing further USD110 million, reported Gulf News.
The company added that two years ago, Aabar and Virgin Group inked strategic partnership deal under which the UAE company would pay USD280 million for a 31.8 percent stake in Virgin Galactic’s holding company.
It also said that the acquisition, which was completed last year, valued the business at around USD900 million.
It is worth noting that Aabar is owned by Abu Dhabi’s International Petroleum Investment Co (Ipic), whereas Virgin Galactic is Virgin Group’s commercial space line.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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