Mubadala will own 70% of the equity in Fortress, while Fortress management will hold a 30% equity interest and a class of equity entitling it to appoint a majority of seats on the board.
Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary Mubadala Capital, announced that they have entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group
RIYADH: The UAE and Malaysia have agreed to negotiate a Comprehensive Economic Partnership Agreement, the two countries said on Tuesday. It is a type of bilateral trade deal the UAE has been pursuing with various countries since 2021. The agreement will cover trade in goods and services, investments, economic cooperation, Malaysia’s Trade Ministry said in a statement. “The UAE