Abu Dhabi wealth fund to “pause” Russia investments

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The chief executive of an Abu Dhabi sovereign wealth fund said on March 28 it will “pause” investments in Russia during its war with Ukraine. Khaldoon Al Mubarak, the head of Mubadala Investment Company, called the conflict “a travesty, with catastrophic consequences”.

Addressing a conference in Dubai, Mubarak said Mubadala would “pause and wait to see how the situation settles”.

Mubadala is the second-largest of three sovereign wealth funds owned by the emirate of Abu Dhabi. It manages assets

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