(MENAFN) Alpha Dhabi Holding, a subsidiary of Abu Dhabi's International Holding Company, has committed Dh9.2 billion (USD2.5 billion) to a venture fund focused on growth-stage corporations throughout the world.
Chimera Capital and Alpha Wave's Alpha Wave Ventures II is going to receive a capital contribution of Dh2.6 billion (USD258 billion) as well as an undrawn capital commitment of Dh6.6 billion (USD1,79 billion), which is going to be drawn down during the fund's asset duration. The action was announced in a declaration to the Abu Dhabi Securities Exchange, where Alpha Dhabi's stocks are traded.
The fund, which was established earlier the current year, has already begun to invest.
MENAFN19052022000045014146ID1104242056
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.