Top UAE Royal Adds $790 Billion Fund to Sprawling Empire : US Pioneer Global VC DIFCHQ Riyadh UAE-Singapore Norway Swiss Our Mind

Sheikh Tahnoon bin Zayed Al Nahyan will become chairman of Abu Dhabi’s $790 billion sovereign wealth fund, consolidating his power beyond roles that include the United Arab Emirates’ national security adviser and head of the country’s largest bank.

In a reshuffle announced by the Supreme Council for Financial and Economic Affairs on Thursday, Sheikh Tahnoon will become chairman of Abu Dhabi Investment Authority, while the emirate’s $272 billion Mubadala Investment Co. will be lead by his brother Sheikh Mansour bin Zayed Al Nahyan.

Sheikh Tahnoon’s appointment puts him at the helm of one of the world’s largest sovereign wealth funds. …

https://www.bloomberg.com/news/articles/2023-03-09/abu-dhabi-reshuffles-boards-of-sovereign-wealth-funds?srnd=premium-middle-east&sref=YX0aeoLL