Abu Dhabi Investment Authority

United Arab Emirates – Abu Dhabi US$ 773 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1976
Transparency Rating: 6
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Firm Investment Style: Mixed
Entity Structure: Fund
Pop Est.: 921,000 – 2013 – Abu Dhabi
Wealth Per Capita Est.: $839,305

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Alternative Managers

Key Executives and People


Main Office

Abu Dhabi Investment Authority
211 Corniche, PO Box 3600
Abu Dhabi, United Arab Emirates
Phone: +971 2 415 0000
Fax +971 2 415 1000

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Governance

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Abu Dhabi Investment Authority

Summary

Established in 1976, the Abu Dhabi Investment Authority’s (ADIA) main funding source is from a financial surplus from oil exports. The Abu Dhabi Investment Authority is the largest sovereign wealth fund in the Middle East.

It is wholly owned and subject to supervision by the government of Abu Dhabi. The fund is an independent legal identity with full capacity to act in fulfilling its statutory mandate and objectives. As much as 80% of its assets are administered by external managers which includes around 60% that is passively managed through tracking indexed funds.

The Abu Dhabi Investment Authority’s funding sources derives from oil, specifically from the Abu Dhabi National Oil Company (ADNOC) and its subsidiaries which pay a dividend to help fund ADIA and its sister fund Abu Dhabi Investment Council (ADIC). These payments are on a periodic basis if the Government runs a surplus to its budgetary requirements and other funding commitments. About receiving 70% of any budget surplus is sent to ADIA, while the other 30% of surplus goes to the Abu Dhabi Investment Council (ADIC).

Background on the Abu Dhabi Investment Authority

ADIA replaced the Financial Investments Board created in 1967 part of the then Abu Dhabi Ministry of Finance. The other precursor to ADIA was the Abu Dhabi Investment Administration. By Law No.5 of 1976, ADIA was created.

UAE

Sovereign Wealth Enterprises

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Major Direct Foreign Investments (Public)
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