Dubai Investment Fund Buys ‘Substantial’ Stake in Sony
By
Dubai International Capital, an investment company owned by the emirate’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, acquired a stake in Sony Corp. in the latest sign of the growing appetite for overseas investments by Middle Eastern investors.
The company, based in the United Arab Emirates, said Monday that it made a “substantial” investment in Sony. Spokesmen for DIC and Sony declined to disclose details about the size of the stake. The investment company’s stake is likely to be under 5%.
Comments are closed.