Home » Abu Dhabi Investors »


|| Abu Dhabi firm buys AIG's Private Bank ($254 million)

AIG doesn’t sound like a name you want to be associated with it too much, but what if you buy it and rename it? That’s what Abu Dhabi-based investment firm, Aabar Investments, is going to do after acquiring AIG Private Bank, a wholly-owned subsidiary of the troubled AIG, for $254 million.

AIG Private Bank will become an independent financial institution, headquartered in Switzerland along with branches and representatives in Hong Kong, Shanghai, Singapore and Dubai.

At the time of writing this piece, Aabar market cap is ~$500m; AIG’s NYSE ~$5,000m.

(You may purchase our directory to find out more about other investment firms in the Middle East other than Aabar)



Previous Post: Presentation - Istithmar World's Chief Investment Officer
Next Post: Presentation - Chief Economist of Saudi's Jadwa Investment

More from Abu Dhabi Investors ...


  Abu Dhabi fund buys 31 Accor hotels in Australia for $740 million

  Abu Dhabi and Qatar funds front-runners to acquire 42 Marriott hotels for $1 billion

  Gulf Capital to buy stake in consulting firm for $27 million

  Gulf Capital launched a credit fund targeting $250-$300 million

  Abu Dhabi's Alpha Investment sues Zynga for right over $12.87m shares deal

  UAE investor Mubadala to take full control of John Buck real estate venture

  UAE Investors acquired 9% stake in a NYC merchant bank

  Abu Dhabi Invest Ad raising $400 million private equity fund

  Gulf Capital closes its latest fund at $533 million

  Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards




|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe















Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter