ADIA plans to begin disclosure of asset allocations
18. Oct, 2008
According to Emirates Business, ADIA “has started plans to enhance disclosure of its operations in line with an agreement with the IMF last week. But the giant sovereign wealth fund yesterday said transparency was also required by investment recipient countries as this would lead to better understanding with SWFs and allow them to play a more active role in global financial stability. ‘Adia has disclosed its broad asset allocation and is engaged in an ongoing process to enhance disclosure in all these areas, including compliance verification,’ said Hamad Al Suwaidi, Adia Director and Abu Dhabi Finance Department Undersecretary.”
read more: Emirates Business
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