By: Ramy Sameeh
Abu Dhabi - Mubasher: Abu Dhabi Financial Group plans to inject €300 million ($330.4 million) into projects in Eastern Europe within the coming years, according to the group’s COO Mustafa Ghazi Kheriba.
“The group already spent €200 million on 40% of the projects targeted by our plan that will stretch to cover a total of €500 million investments in Eastern Europe,” Kheriba said in exclusive statement to Mubasher.
Abu Dhabi Financial Group has investments in England, Montenegro, Serbia and Bulgaria, and aims to enter new markets in Croatia, Spain and other parts of Europe.
The group is always eying investment opportunities in the U.S. market, the COO said, adding that “Miami and Los Angeles may be our first stop.”
Abu Dhabi Financial Group has six subsidiary companies, namely Abu Dhabi Capital Management, Integrated Alternative Finance, Spadille Limited, Integrated Capital, Integrated Securities and Qannas Investments.
Kheriba said that the group has no plans for an initial public offering of its shares in the future.
