Abu Dhabi Investment Company (ADIC)

The Abu Dhabi Investment Company (ADIC) is one of the government investment companies of Abu Dhabi Emirate. Founded on February 24, 1977 as the first U.A.E. investment company in the capital. ADIC is a Joint Stock Company that specializes in providing investment and corporate finance in addition to advisory services. ADIC is jointly owned by the Abu Dhabi Investment Council and the National Bank of Abu Dhabi (NBAD).[1]  Two things make ADIA special. One, it manages the emirate’s excess oil reserves, estimated to be as much as $875 billion. Its portfolio grows at an annual rate of about 10% compounded.

As such ADIA is the world’s second biggest institutional investor, behind only the Bank of Japan, according to the Oxford Business Group. Its pulling power is immense. But what makes ADIA so interesting is the veil of secrecy that shrouds its activities. Abu Dhabi Investment Authority is one of the world’s biggest institutional investors. It is also one of the most guarded. It publishes no numbers. In the 30 years since it was established, it has never publicly declared the amount of assets it has under management. Its website lists just its contact details; nothing more. It seldom makes any public statements. However, the Abu Dhabi Investment Authority has an influence in the markets that few investors can match. It has unrivalled access to the best strategists and advisers.[2]

Reference.
1) http://www.adic.ae/about.php

2) Euromoney - Money and mystery: Adia unveils its secrets(2006)., the first interview of its kind, two of its most senior officials speak with Euromoney about the strategies behind its success.

Website:
http://www.adia.ae/