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Monday, March 13, 2023

UAE: Abu Dhabi wealth funds reshuffle and successionnote

The Supreme Council for Financial and Economic Affairs issued on Thursday (9/3/2023) a resolution whereby the boards of Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company were reshuffled.

UAE National Security Advisor Sheikh Tahnoon Bin Zayed was named as the new chairman of ADIA.

Deputy Prime Minister and Minister of Presidential Affairs Sheikh Mansour Bin Zayed Al Nahyan will chair Mubadala.

These changes are thought to be concessions made by President Sheikh Mohammad Bin Zayed Al Nahyan to his brothers in return for future consensus on the Abu Dhabi succession file.

How is the reshuffle related to succession?

Will it help President Sheikh Mohammad achieve his plans for succession?

Tactical Report has prepared a 312-word report to shed more light on the subject.


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