Mubasher: 1Malaysia Development Berhad (1MDB) announced on Friday that it has paid around $350 million to Abu Dhabi's International Petroleum Investment Company (IPIC), according to Reuters.
“All funds paid to IPIC are from proceeds of the ongoing rationalisation programme," The news agency quoted the Malaysian State fund, referring to the reallocation and sale of the funds' assets undertaken over the last two years.
An IPIC spokesman confirmed to Reuters that the payment had been received.
