Mubadala eyes $1bn gas deal as UAE-Israel ties deepen
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The Abu Dhabi fund would make the acquisition through its energy arm
April 26, 2021
A United Arab Emirates sovereign wealth fund plans to buy a stake in an Israeli natural-gas field for up to $1.1bn, in what would be one of the first major business deals since the nations normalised ties last year.
Abu Dhabi’s Mubadala Investment Co., a fund with $232bn of assets, announced a memorandum of understanding to buy Delek Drilling LP’s 22 per cent stake in the Tamar offshore field, the Israeli company said.