UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management.
Assets under management (AuM) in the GCC grew by 10% in 2025, reaching $2.7 trillion and marking one of the strongest annual performances in over a decade, according to a new report from Boston Consulting Group (BCG).
