Tuesday, December 15, 2009

ADIA bought 10.9% of Hyatt

Abu Dhabi Investment Authority (ADIA) has acquired a 10.9% stake in Hyatt Hotels Corporation.

There is some debate on how much ADIA has in assets but estimates have been between $648 billion to approximately $875 billion. Just last year ADIA became the largest shareholder in Citigroup after acquiring 4.9% which is more than the 4.3% The Kingdom Holding (Prince Alwaleed Bin) own in this american group.

ADIA local nicknamed is "al7oot" which is whale in arabic, funny ha ?!!