As approved by the Board of Directors of ADIB HOLDINGS LTD, it has been decided that Mr. Zhao Xing and Mr. Wen Xiaodong will be added as directors of the Company with effect from 12 November 2024.The new Board of Directors consists of five directors, namely, Mr. Zhao Xing, Mr. Sun Yu, Mr. Arun Pancharya, Mr. Wen Xiaodong and Mr. Tan Bilhong.
Read MoreNew York and Paris, November 15, 2024 – Asia Development and Investment Bank Holdings Ltd. (ADIB Holdings) and DGX Group, a world-leading AI-driven green energy data service operating company, have jointly announced an agreement for ADIB Holdings to make a strategic investment as management fees into DGX Group. Following this investment, ADIB Holdings will hold a 36% stake in DGX Group on a fully diluted basis, with a post-investment valuation of approximately 58 billion USD, making it the...
Read MoreADIB recently closed a $2 billion USD tranche for a new energy industry fund with the participation of a number of government sovereign funds and leading international asset management firms. The total size of the fund is $6 billion USD. The fund will invest in the development and application of controlled fusion power technology and the promotion and development of green energy.
Read MoreADIB Vice President Sam Sun and iAUTO's CEO, Jack Yeung, met with John Eddies, Investment Executive of Rothschild London, in London in July 2024 to agree on a strategic partnership in the new energy sector.
Read MoreAsia Development & Investment Bank's delegation, led by Executive Vice President Sun Yu, visited Pakistan between April 26th and 28th. The delegation includes China's investment agency, Private enterprises, and members of a well-known Hong Kong media company. The delegation visited the Department of Energy in Pakistan, Pakistan Board of Investment, the presidential palace and other government departments. The parties had extensive discussions on Pakistan's infrastr...
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