His Highness Mansoor bin Zayed bin Sultan bin Zayed bin Khalifa Al Nahyan commonly known as Sheikh Mansour, is the deputy prime minister of the United Arab Emirates, minister of presidential affairs and member of the ruling family of Abu Dhabi. He is the half brother of the current president of UAE, Khalifa bin Zayed Al Nahyan.IPIC is the International Petroleum Investment Company, formed by the Abu Dhabi government in 1984 to invest in the energy and related sectors across the globe. Today it manages a portfolio of investments in more than 18 leading companies across the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, power and utilities as well as industrial services. HE Khadem Abdulla Al Qubaisi is a member of the board and Managing Director of IPIC. He is also Chairman of Aabar, Aabar Properties, Borealis, CEPSA, NOVA Chemicals, Arabtec, First Energy Bank and a board member of EIA and ChemaWEyaat.The company is the majority owner of Aabar Investments PJSC, the Abu Dhabi investment firm that last month took a stake in Mercedes-Benz parent Daimler AG. Aabar is now the German automaker’s largest shareholder. IPIC is chaired by Sheik Mansour bin Zayed Al Nahyan, a prominent member of Abu Dhabi’s ruling family, which controls the UAE presidency. He led last year’s takeover of English football team Manchester City and joined Qatari investors in pumping billions of dollars into British bank Barclays PLC.Fitch Ratings and Standard & Poor’s Ratings Services each rated IPIC “AA” over the long term. Moody’s Investors Service gave the company a similar rating of “Aa2.” The outlook for each is stable.
Posted on: Sat, 24 Jan 2015 10:18:17 +0000
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