Mubadala and Sberbank to Explore Investment Opportunities

Posted on 09/24/2020

Russian banking giant Sberbank signed a strategic agreement with Mubadala Investment Company to explore areas of cooperation that includes co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, hedging foreign exhange and credit risks, among others. Mubadala has a storied past partnering with Russian institutions such as the Russian Direct Investment Fund (RDIF).

The mutual agreement will seek to explore investments in areas such as artificial intelligence, cybersecurity, life sciences, venture capital, Islamic finance, telemedicine, and education. Sberbank and Mubadala are jointly developing a more detailed roadmap outlining engagement and cooperation plans across these verticals. The Sberbank-Mubadala strategic partnership plans to unlock co-investment initiatives in both Russia and the Middle East, which are also expected to enhance bilateral trade between businesses in both regions.

In 2019, Mubadala opened an office in Moscow. In line with its commitment, Sberbank plans to establish an office in Abu Dhabi by the end of 2020.

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