Hassan Awada

Lucid Motors has raised $1.1 billion through a convertible senior notes offering. The electric car maker, backed by the Public Investment Fund (PIF), will use the majority of the proceeds to refinance its existing debt and extend maturities to 2030. Last year, Lucid raised…

ADQ, Orion Resource Partners, and U.S. International Development Finance Corporation Have Formed a $1.8 Billion Joint Venture. This JV will invest in critical mineral projects to secure supply chains for minerals vital to economic growth and advanced industries. Industries like…

NVIDIA commits $500 billion to AI infrastructure manufacturing. Nvidia, the leading AI chipmaker, aims to produce $500 billion worth of AI tools in the US over the next four years, as it looks to expand its production capabilities. The company will build two new supercomputer…

Blackstone to launch credit fund for individual investors. Structured as an interval fund, it will allow individuals to invest on a daily basis, while redemptions will be limited to quarterly windows and capped in amount. Through the fund, investors will gain exposure to real…

Mubadala Capital and TWG Global launch multi-billion-dollar partnership. As part of this partnership and TWG’s $15 billion equity raise, Mubadala Capital will anchor and lead a $10 billion syndicated investment in TWG. Additionally, TWG will commit $2.5 billion to Mubadala…

Microsoft to Invest Over $15 billion in The UAE. Microsoft has committed to invest more than $15 billion in the UAE between 2023 and 2029, one of the largest foreign technology investments in the company’s history. The $15 billion investment includes the following: - Between…

Lunate to acquire a strategic stake in Azura Partners. Lunate’s investment will support the global wealth manager in scaling its assets under management, expanding its team, and broadening its product offerings. As part of the investment, Azura will relocate its headquarters…

Dubai Holding to IPO Dubai Residential REIT, potentially the GCC’s largest listed REIT. Dubai Holding plans to list the REIT on the Dubai Financial Market, with a gross asset value of approximately $5.9 billion, almost double the combined GAV of the five largest REITs in the…

Mubadala was the top, performing sovereign wealth fund in terms of five, year annualised return. Mubadala topped the list with a return of 10.1%, followed by Samruk at 10.03% and NZSF at 9.53%. GCC-based sovereign wealth funds dominated the top 10, with ADIA at 8.4%, PIF at…

UAE Ministry of Finance Launches Retail Sukuk For Individual Investors The new initiative allows citizens and residents to invest directly in government-backed Islamic Treasury Sukuk. The programme, developed in cooperation with national banks, enables individuals to invest…

Public Investment Fund (PIF) launches HUMAIN, a new Saudi ,based artificial intelligence firm. HUMAIN will operate and invest across the AI value chain, offering a comprehensive range of AI services, products, and tools. These will include next-generation data centres, AI…

UAE Ministry of Finance Launches Retail Sukuk For Individual Investors The new initiative allows citizens and residents to invest directly in government ,backed Islamic Treasury Sukuk. The programme, developed in cooperation with national banks, enables individuals to invest…

G42 to build UAE’s Stargate, OpenAI’s AI infrastructure platform, in a project reportedly valued at around $20 billion. The flagship project will also involve leading global firms, including Oracle, Nvidia, SoftBank Group, and Cisco. Developed in partnership with several U.S.…

Hassana Investment Company and Franklin Templeton Sign $150m MoU for Saudi private credit opportunities. Hassana, the investment manager for GOSI, Saudi Arabia’s social security and pension fund, manages over $320 billion in assets. The strategic partnership with Franklin…

HSBC allocates $4 billion for private credit lending. HSBC, Europe’s largest bank and one of the world’s top 10 banks, plans to invest $4 billion into its private credit funds, according to Reuters. HSBC aims to build a staggering $50 billion private credit platform within…

Kuwait Investment Authority joins BlackRock, Global Infrastructure Partners (GIP), MGX and Microsoft $30 billion AI venture. The venture was formed last year with an initial goal of securing $30 billion, which will increase to $100 billion with leverage, making it one of the…

Meta to acquire 49% stake in Scale AI for a staggering $14.8 billion. According to The Information, Scale AI was last valued at $13.8 billion in its latest funding round and generated $870m in revenue in 2024. This would imply a current valuation of over $30 billion,…

HUMAIN and Blackstone-Backed AirTrunk Partner to Develop $3 Billion Data Centres in Saudi Arabia. HUMAIN, a PIF-owned artificial intelligence company building national AI capabilities, will partner with AirTrunk, the Asia-Pacific data centre platform backed by Blackstone and…

The Carlyle Group has raised a $20 billion secondaries fund. Carlyle AlpInvest’s unit secured $15 billion for its global secondaries strategy, alongside $3.2 billion in co-investment commitments and $2 billion from private wealth vehicles. The secondaries program focuses on…

OpenAI to Become For-Profit With Microsoft Holding 27% Stake. OpenAI and Microsoft have agreed on a new corporate structure involving the formation of a public benefit corporation (PBC) and a full recapitalisation. Following the transaction, Microsoft will hold approximately…