MubadalaMubadala
Mubadala Development Company
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will be investing in Related Companies through a debt placement along with two other international entities including The Olayan GroupOlayan GroupLoading.... Goldman Sachs and MSD Capital have purchased stakes in Related totalling 7.5 per cent.
In addition to the corporate investment, each investor will co-invest in future development opportunities undertaken by Related.
This elite group of investors has been specifically selected to fund future growth. The minority investment in Related includes no involvement in the governance of the company and there will be no change in Related's management structure.
"This is a historic transaction for Related which will enable us to write a new chapter of our growth. This prestigious group of investors will allow us to reinforce our position as one of the nation's leading developers, managers and financiers of premier real estate properties," Stephen M. Ross, Related Chairman and CEO, said.
Khaldoon Khalifa Al Mubarak, CEO and Managing Director of MubadalaMubadala
Mubadala Development Company
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, said: "Related is a strong fit for MubadalaMubadala
Mubadala Development Company
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. We share their approach to investing in premier projects that build long-term value. Related has great leadership and an impressive project pipeline with even more potential opportunities."
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source: zawya.com
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