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Title:Adnoc CEO Discusses Abu Dhabi Property Deal With Apollo
Date:2nd September 2020
Description:Sep.02 -- Sultan Al Jaber, chief executive officer of United Arab Emirates' state-owned energy producer Abu Dhabi National Oil Co., or Adnoc, discusses its deal with Apollo Global Management. The private equity giant is investing $2.7 billion in Abu Dhabi’s property market along with a group of pension and insurance funds, in one of the largest real estate deals in the Middle East. The Apollo-led consortium will buy 49% of a property-leasing unit established by Adnoc. Al Jaber speaks with Bloomberg's Manus Cranny.
