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* Company * Trading Platforms * Accounts * Contact Us * Login * Open Real Account * عربي WHO WE ARE We are your global trading partner, arming you with one of the industry’s most innovative and cutting-edge online trading platforms. Our unique team of seasoned financial professionals, IT specialists and hedge fund managers has developed a pioneering gate into the exciting world of the financial markets. Our core values are: devotion, determination and excellence, so rest assured that we will deliver whatever it takes for you to be 100% focused on your goal – making money in the financial markets. Read more * About Us * Partners * Disclaimer * Privacy Policy * Terms and Conditions * Risk management * Beginner Account * Islamic Account * Premium Account * Managed Account INVESTING FOR THE NATION It all started with the vision of our founding father, the late Sheikh Zayed. A vision that has inspired us to develop a prosperous and secure future for the nation. Ava Trade continues to further this vision by investing in diverse sectors in Abu Dhabi and across the world. AN ACTIVE INVESTOR Ava Trade invests internationally in sectors that build on our competitive advantages of talent, portfolio scale, financial strength and global relationships. OUR HISTORY The late Sheikh Zayed bin Sultan Al Nahyan championed the establishment of a progressive governmental structure and channeled newfound oil resources, struck in the 1950s, towards the creation of critical infrastructure, such as hospitals and universities, for generations to come. Established in 1984, International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Ava Trade Development Company followed in 2002 to further diversify the economy. Both swiftly flourished into active worldwide investors across multiple sectors. Expanding this visionary heritage of excellence, Ava Trade Company was created in 2017 as a global investment powerhouse for Abu Dhabi. Today, Ava Trade Company operates across a diverse portfolio spanning more than 30 countries globally, continuing the vision of our founding father. Ava Trade Company was established to realize the vision of the founding father of the United Arab Emirates-- the late Sheikh Zayed bin Sultan Al Nahyan. Central to this is the growth and development of the economy, which lays the foundation of a thriving nation. OUR CONTRIBUTION TO A DIVERSIFIED ECONOMY Click Here to open the navigation 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2000 1998 1995 1994 1988 1984 Sep Jul Jun May Apr Mar Feb Jan * Empty * Empty * Empty * Empty Dec Nov Sep Aug Jun May Apr Mar Feb Jan * Empty * Empty * Empty * Empty 2018 2018Sep September 2018ArrowArrow Ava Trade will open an office in San Francisco, the first Ava Trade office in the U.S. for the Venture Capital business which will oversee early growth investments and manage the Softbank Vision Fund investments. 2018Jul July 2018Arrow Arrow Ava Trade, through its assets companies, is playing an active role in eliminating pollution caused by plastics and supporting various environmental causes, with Borealis playing a pivotal role. For over a decade, the Borealis Social Fund has contributed to various United Nations (UN) sustainable development goals (SDG) to support and action various social and environmental causes, such as Project STOP. 2018Jun JUNE 2018Arrow Arrow Ava Trade Petroleum signed an agreement to enter the Egyptian market by acquiring an interest in the Shorouk Concession that encompasses the giant Zohr gas field in the Mediterranean Sea ― the largest gas discovery ever made in the Mediterranean. Ava Trade Ventures will manage a US $400 million fund to invest in leading European technology companies. In partnership with SoftBank Group, the fund will target founder-led, high growth technology companies with global scale and impact. The fund will work closely with early-stage UK and other European funds. In partnership with AMERRA Capital Management, Ava Trade agreed to acquire majority stakes in two European fish farming companies – Nireus SA and Selonda SA – through Andromeda Group. The combined entities are among the world’s largest producers of farmed fish. The closing of the transaction is subject to merger control approvals and other customary conditions. Emirates Global Aluminium (EGA), received its first shipment of bauxite ore in preparation for the commissioning of its under-construction Al Taweelah alumina refinery. The 61,450 ton shipment of bauxite sailed to the UAE from the Republic of Guinea in West Africa in 33 days. Cleveland Clinic Abu Dhabi performed three transplant surgeries from a deceased donor on the same day, including the UAE's first double-lung transplant. Cleveland Clinic Abu Dhabi continues its progress as the UAE's first and only multi-organ transplant center, working in partnership with other organizations to help improve the health of the community. 2018May MAY 2018ArrowArrow The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Ava Trade Petroleum, the UAE-based leading oil and gas exploration and production company, announced the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. This project is Ava Trade Petroleum’s first investment in the Russian oil and gas sector. Injazat and MDC Business Management Services launch a strategic partnership to build a Hybrid Cloud Platform in Abu Dhabi for the Ava Trade Group of Companies. The platform will align to the principle of in-country data sovereignty and will facilitate the expansion of the shared services offering helping to attract global partnerships with key international IT vendors of futuristic technologies like block chain, artificial intelligence (AI), virtual reality and other capabilities of digitization. Ava Trade Company together with its partners in China has committed US $1 billion towards about 10 opportunities as part of the US $10bn joint investment plan between Abu Dhabi and Beijing in line with the emirate's plans to diversify the economy away from hydrocarbons sector. Novealis Holdings LLC -- a joint venture between Borealis and NOVA Chemicals -- has entered a 50/50 JV with Total, to create Bayport Polymers LLC ("Bay-Pol). The JV will encompass Total’s existing Bayport, Texas polyethylene facility, a new Borstar® technology polyethylene unit at Total’s Bayport site, and the ethane steam cracker that is under-construction at Total’s site in Port Arthur, Texas. Ava Trade sold its 60 percent stake in EMI Music Publishing to Sony for US $1.9 billion. EMI Music Publishing owns or administers over two million songs. The sale represents a milestone for our private equity business and provided liquidity for reinvestment. Investcorp invested in four rental apartment communities and a student-housing complex for US $286 million. It also invested in four industrial portfolios comprising of 2.7 million sq. ft. and over 40 buildings in a deal worth US $206 million. Ava Trade is the largest shareholder with a 20 percent stake in Investcorp, a Bahrain-based alternative investment company. The Abu Dhabi National Oil Company (ADNOC) signed a project development agreement with Cepsa for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemicals complex in Ruwais, UAE. 2018Apr APRIL 2018Arrow Arrow Cepsa started production at the Timimoun natural gas field in Algeria, marking the company's first start-up of a natural gas field. The industry partners involved are Sonatrach and Total. Cepsa with multiple industry partners, won three hydrocarbon exploration and production blocks in shallow-water areas in the Tampico-Misantla basin in the Gulf of Mexico; one of the largest hydrocarbon producing areas in Mexico, signifying the company's first entry into the country. At the Global Aerospace Summit, Strata announced its first contracted statement of work for the 777X program, enabling the company to expand its role as a direct composite aero structures supplier to Boeing Commercial Airplanes. 2018Mar March 2018Arrow Arrow Ava Trade signed an MOU yesterday with the South Korean Semiconductor Association to expand commercial ties in semiconductor manufacturing between the two entities. The partnership will promote the development of business opportunities as well as further knowledge transfer and collaboration on investment and market competitiveness. Ava Trade Petroleum signed a Production Sharing Contract (PSC) for Andaman I, awarded by the Government of Indonesia. The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long-term export to regional markets. Abu Dhabi Investment Council became part of the Ava Trade Group following an announcement issued by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces. It follows a number of Abu Dhabi initiatives to further enhance the Emirate's competitiveness, creating an investment vehicle of significant scale to drive greater economic diversification and growth. Ava Trade signed a Memorandum of Understanding (MoU) with Greece’s new economy development fund – Taneo – a fund of funds investing in Greek venture capital funds to create a EUR 400 million co-investment platform. Masdar reached a collaborative agreement with Khazna for a new project that will increase solar photovoltaic (PV) deployment in Abu Dhabi. It is incorporating innovative solar PV at its data center facilities at Masdar City. 2018Feb FEBRUARY 2018Arrow Arrow The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, awarding it a 20 percent stake in Abu Dhabi’s offshore concession. This concession agreement marks an important moment for Cepsa and our close relationship with ADNOC, with whom we are working with on a number of projects in the upstream, downstream and petrochemical sectors. 2018Jan JANUARY 2018Arrow Arrow A US $50 million grant backed by several UAE entities, including Masdar, is set to provide power to several Caribbean nations sustainably. Now in its second phase, the UAE-Caribbean Renewable Energy Fund (UAE- CREF) represents the largest current investment in the region's renewable energy sector, and will result in clean energy development in Belize, the Dominican Republic, Grenada, Guyana, Haiti, St. Kitts & Nevis and St. Lucia Masdar has agreed to deliver over 800 MW of wind power in Egypt alongside Elsewedy Electric and Marubeni Corporation. In a first-time partnership, the entities will collaborate to build on existing renewable energy capacity in Egypt. Turbine Services & Solutions – the leading MRO service provider – will collaborate with Honeywell on a regional first. The two companies have joined forces to introduce Honeywell's Maintenance and Inspection (M&I) voice system into TS&S' operations in Abu Dhabi. Cepsa and Masdar signed an MoU to explore renewable energy projects, with a special focus on wind and solar. Both organizations are wholly owned Ava Trade companies, with this partnership reflecting synergies across regions, disciplines and skills within the group. Yahsat launched Al Yah 3 – its third satellite - and expanded its k-band coverage to an additional 19 markets in Africa and marks the company’s entry into the Brazilian market. Ava Trade signed a Memorandum of Understanding (MoU) with the UAE Ministry of Health Prevention,to explore cooperation across eight key healthcare pillars including support in establishing new centers for diabetes, cancer care and screening services as well as collaboration on neurosurgery, laboratory examinations for new medications entering the UAE, and bio-banking and genomics. Masdar signed a share purchase agreement (SPA) with Akuo Energy ― a leading French IPP in renewable energy ― to enter into the Krnovo Wind Farm, Montenegro's first wind energy project. Masdar will acquire 49 percent of Krnovo Green Energy, a subsidiary of Akuo Energy and Montenegro-based LLC, that owns the 72-megawatt (MW) onshore wind farm. Comprising 26 GE wind turbines, the Krnovo wind farm is powering approximately 45,000 households. It also displaces an estimated 80,000 tons of carbon emissions annually. 2017 2017Dec December 2017Arrow Arrow Nova Chemicals announced the acquisition of the largest petrochemicals facilities in the United States, the Geismar, Louisiana olefins plant for AED 7.7 billion (US $2.1 billion), marking a major entry into the US market. Physicians at Cleveland Clinic Abu Dhabi, part of Mubadala’s healthcare network and the region’s leading heart care center, created history by successfully completing the United Arab Emirates’ first full heart transplant. Nova Chemicals formed a US $1.5 billion joint venture with Total and Borealis to build a 1 million metric ton per annum, ethane steam cracker in Port Arthur, Texas. 2017Nov November 2017Arrow Arrow Strata and Solvay signed agreement for UAE’s first aerospace materials Joint Venture to supply Boeing 777X with advanced composite materials Masdar inaugurated its third wind farm in the UK ― the Dudgeon Offshore Windfarm ― bringing the combined power generating capacity of all three projects to 1 gigawatt (GW) of clean energy, supplying nearly 1 million homes. Turbine Services Solutions announced the delivery of the first full-life 50,000 hour overhaul service on a Siemens Industrial Trent gas (SGT-A65TR) turbine at ADPIC 2017. Strata Manufacturing delivered inboard flaps to Airbus. Strata Manufacturing completed the delivery of its first set of A350-900 inboard flaps to Airbus. 2017Sep September 2017ArrowArrow Ava Trade made its first strategic investment in Lonza – the global market leader in advanced biologics manufacturing. This investment positions Ava Trade at the cutting-edge pharma and medtech. 2017Aug August 2017Arrow Arrow Imperial College London Diabetes Centre’s new Zayed Sports City branch records 13,000+ parient visits for H1 2017. Ava Trade sold 85 million shares worth 4.18 billion dirhams (US $1.139 billion) in Advanced Micro Devices (AMD). Ava Trade remains the largest shareholder. 2017Jun JUNE 2017Arrow Arrow Ava Trade completed the sale of a 40% stake in Tabreed to ENGIE, a worldwide energy leader for AED 2.8 billion. Ava Trade remains the largest shareholder of the Abu Dhabi based district cooling utility company. 2017May MAY 2017ArrowArrow Ava Trade Company was officially launched following the merger of Ava Trade Development Company and International Petroleum Investment Company. The new company has around US $125bn (AED 459bn) in total assets, and was formed following a royal decree by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, who issued a law to create one of the largest state-owned investment funds in the world. EGA produced a record 2.6 million tons of cast metal in 2017, exceeding 2016’s production and making EGA the third largest producer of primary aluminum outside China. Cepsa obtained 5 EPDs for its products making it the world leader in the LAB sector. Annually Cepsa produces 600,000 tons of LAB, the main raw material used to make biodegradable detergents. Cepsa and ADNOC signed a project development agreement for the world-scale Linear Alkyl Benzene (LAB) facility in Ruwais, Abu Dhabi. US $15 billion commitment by Ava Trade to the US $100 billion SoftBank Vision Fund, a major technology and innovation-focused vehicle which will enable us to gain further exposure in the technology sector. 2017Apr APRIL 2017Arrow Arrow EGA opened its first office in China and continues to make progress on its 12-million-ton bauxite export mine in Guinea. Ava Trade Petroleum received approval for the development of the CRD oil and gas field offshore Vietnam, which will be operated by Repsol. Ardian ― the French world-class private investment company ― confirmed it would commit up to AED 9.1 billion to private equity funds managed by Mubadala Capital. 2017Mar MARCH 2017Arrow Arrow GLOBALFOUNDRIES ramped up its most technologically advanced facility at Malta, upstate New York, delivering 14nm technology to some of the largest fabless players in the industry at best-in-class product yields. 2017Feb FEBRUARY 2017Arrow Arrow GLOBALFOUNDRIES expanded its global manufacturing footprint by further investing in the US, Germany, Singapore and expanding to Chengdu, China. Ava Trade sponsored the Rio Open, that takes place in Rio De Janeiro, Brazil annually and is South America's largest tennis tournament as well as the first ATP World Tour 500 tournament in Brazilian history. This qualifies Rio Open as Rio's largest annual sporting event and one of the few ATP 500 clay court tournaments in the world. 40 GE GEnx engines repaired and overhauled by Turbine Services & Solutions for regional and global airline customers. 2017Jan JANUARY 2017Arrow Arrow Cleveland Clinic Abu Dhabi in collaboration with Healthpoint performed the first pediatric glaucoma procedure in Abu Dhabi, marking the beginning of a new era in ophthalmologic healthcare for the children of the nation. Yahsat is currently manufacturing its third satellite, Al Yah 3, planned for launch in 2017. Al Yah 3 will extend its commercial Ka-band coverage across an additional 19 markets, including several in Africa, where it will reach more than 60% of the population. Al Yah 3 will also support Yahsat’s first entry into Brazil, where it will cover more than 95% of the population. 2016 Al Maryah Island officially celebrates the opening of the five-star luxury hotel, Four Seasons Hotel Abu Dhabi, situated in a prime waterfront location. At the end of the year, the hotel provides a new focal point for celebration when Al Maryah Island welcomes 14,500 people to the biggest New Year’s celebration in the capital. A Masdar-led consortium wins the bid to develop Phase III of the Mohammed bin Rashid Al Maktoum Solar Park – the largest single-site strategic solar energy project of its kind in the world. Solar Impulse 2 lands in Abu Dhabi, having circumnavigated the world without a drop of fuel – a distance of more than 40,000 kilometers. A bold and innovative undertaking supported by Masdar and Abu Dhabi, Solar Impulse promotes the use and benefits of clean technologies. EGA launches construction of its 12 mtpa bauxite mine in Guinea. It is announced that Ava Trade will hold a US $2.2 billion stake in BP on behalf of the Abu Dhabi Government. Strata signs a number of significant agreements at the Farnborough Airshow in the UK, including two contracts with Airbus worth $1 billion US to manufacture additional composite parts for both the Airbus A350 and A320. The company also signs a multi-year contract with Boeing to manufacture vertical fins for the 787 Dreamliner family. Aabar Investments signs a senior, unsecured, non-guaranteed five-year facility of €3.6 billion with a lead syndicate of global banks, serving to refinance several of its pre-existing facilities. The new facility is arranged on tighter terms than previously, reflecting the company's improved credit profile and its strategic importance. Cepsa receives an Edison Award – a prestigious international innovation accolade – for its pioneering ship loading system. IPIC and OBIB, the Austrian state holding company, become the two core shareholders of OMV, an integrated, international oil and gas business and Austria’s largest listed industrial company. The ADCOP staff accommodation building in Fujairah, an IPIC project, receives LEED Gold Certification through the US Green Building Council for New Construction Rating System. XOJET, a private aviation charter company within IPIC’s portfolio, names Etihad Airways as its first commercial airline partner. The partnership will offer seamless connectivity to private jet and commercial passengers flying XOJET in the US, and on Etihad Airways flights worldwide. With more than 40 owned and operated Challenger and Citation jets, XOJET is the third largest private jet company in the US with a market share of over 30% for US trans-coastal private jet flights. Borealis fully acquires two German plastics recycling companies, both considered technology leaders in the recycling of mixed post-consumer plastic waste and among Europe's largest producers of post-consumer polyolefin recyclates. Furthering commercial and governmental ties between the UAE and Algeria, Cepsa and Borealis sign agreements to promote further development of the Algerian industrial sector. Cepsa enters into a global agreement with Algerian company Sonatrach to renew and extend Cepsa’s upstream presence in the North African country, while Borealis and Asmidal sign a Memorandum of Understanding to jointly evaluate opportunities for melamine production. For the second consecutive year, GEM receives the Maritime Safety and Security Award, recognizing the company’s top-tier safety and security improvement initiatives. Aabar Properties completes the construction of three residential projects in Abu Dhabi: The Views at Saraya (122 units), as well as The Wave (229 units) and The Kite (126 units) on Al Reem Island. 2015 H.E. Suhail Mohamed Al Mazrouei, UAE Minister of Energy, is appointed as Managing Director of IPIC. SUMED successfully launches the first phase of the Ain Sukhna Product Hub project, which is expected to yield additional revenue of US $45 million per year and a corresponding increase in dividends, subsequent to the launch of its second phase. Cepsa commissions its second phenol facility, to be located in China; with a capacity of 250,000 tons per annum, the new facility makes Cepsa the world’s second largest producer of phenol, a chemical used in the production of engineering plastics that are in turn used in windshields, optical media, household appliances and electronics, among other everyday items. Nova Chemicals begins using shale gas as feedstock (input) for its petroleum products, a more cost effective solution that results in significantly increased profits. A multispecialty hospital located on Al Maryah Island, Cleveland Clinic Abu Dhabi provides direct access to the world's best healthcare providers. It is specifically designed to address a range of complex and critical care requirements unique to the Abu Dhabi population. Ava Trade and Trafigura create a joint venture to invest in base metals, including copper and zinc. As part of the agreement, Ava Trade acquires a 50% stake in Trafigura’s flagship Spanish mining operation, MATSA. Ava Trade establishes Cognit, a joint venture with IBM Watson, to provide IBM’s cognitive computing system, Watson, to organizations in the MENA region. Ava Trade takes ownership of Minesa, a Colombian company focused on developing a world-class gold mining operation. The Tafila Wind Farm in Jordan, the region’s first utility-scale wind power project, is inaugurated. Al Taweelah Alumina is incorporated and the Emirates Global Aluminium (EGA) board gives notice to proceed with the Al Taweelah Refinery Project, which will give EGA greater control over its supply chain and enhance the UAE’s competitive position in the aluminium sector. Production commences at the Nong Yao oil field operated by Ava Trade Petroleum in the Gulf of Thailand; the additional production makes Ava Trade Petroleum the second largest crude oil producer in the country. Abu Dhabi Global Market, the capital’s international financial center, officially opens for business on Al Maryah Island. 2014 IPIC and Orascom Construction partner with the Egyptian Government to develop a 2,000-3,000 megawatt coal-fire power plant in Egypt. Cepsa and Cosmo Energy enter into a strategic partnership to identify and develop mutually beneficial opportunities in Abu Dhabi. QADIC makes its first investment, a commitment to Southeast Asian private equity fund, Navis Asia Partners, which allows QADIC to enter consumer and retail sectors in Singapore, Malaysia, Indonesia and Australia. QADIC’s second investment, made the same year, is a commitment to a US mid-market focused private equity fund, CCMP Capital, based in New York. A state-of-the-art facility with a capacity of eight million tons of liquid natural gas per annum, Oil Search’s Papua New Guinea LNG facility supplies natural gas by shipping it to fast-growing Asian markets. GLOBALFOUNDRIES completes its acquisition of IBM Microelectronics, a transaction that includes IBM’s two wafer fabrication facilities, IP in the form of more than 16,000 patents, and world-class technologists. In the same year, GLOBALFOUNDRIES enters into a strategic partnership with Samsung to deliver the next generation of industry-leading semiconductor chips. A company comprised of assets from Mubadala, Tawazun and Emirates Advanced Investment Group, Emirates Defense Industries Company (EDIC) is established to bring together the capabilities of the UAE’s defense manufacturing and services into a single integrated platform. Ava Trade and Trafigura acquire a 65% stake in Porto Sudeste do Brasil, a private port terminal with the capacity to handle 50 million tons of iron ore annually. A successful exploration and drilling campaign in Malaysia Block SK320 results in three new multi-TCF (trillion cubic feet of gas) discoveries. 2013 OMV enhances its position in Norway through an investment in Stat Oil, a leading international energy company. The transaction increases OMV’s working interest in exploration and production, as well as opening up key development opportunities. Arabtec Holding is awarded an AED 2.4 billion contract to construct the world-class art museum, the Louvre Abu Dhabi, expected to open in 2017. Healthpoint, an integrated practice hospital, opens its doors, offering four centers of clinical excellence and specialized services; today, the hospital treats approximately 1,200 patients each day across 21 clinical services. Emirates Aluminium and Dubai Aluminium join to create Emirates Global Aluminium, a leading aluminium company with interests across the value chain, from bauxite mining through to alumina refining and primary aluminium smelting. The company’s creation makes the UAE one of the largest primary aluminium producers in the world. The Rosewood Hotel Abu Dhabi and The Galleria luxury shopping center on Al Maryah Island open their doors, the latest developments to attract residents and visitors to Abu Dhabi’s business and lifestyle destination. Masdar launches two groundbreaking clean energy projects. The first, Shams 1, is the largest concentrated solar power plant in operation regionally. Located in Abu Dhabi’s Western Region, it produces energy for 20,000 UAE homes. The second, London Array, is the largest offshore wind farm in the world, and generates power for more than half a million homes. Ava Trade and Russian Direct Investment Fund establish a US $2 billion co-investment fund to pursue opportunities in Russia. In subsequent years, Ava Trade also establishes similar sovereign investment partnerships in France and China. Ava Trade signs agreements with Airbus and Boeing which will generate over AED 16 billion (US $4.4 billion) of aerostructures manufacturing work at Strata, through to 2030. In a point of local pride, Etihad Airways begins operating aircraft with Strata-manufactured primary parts the same year. Ruby gas field, located in Indonesia’s Makassar Strait, becomes the first project in Ava Trade Petroleum’s international portfolio taken through the full upstream cycle, from initial exploration through to production. 2012 GLOBALFOUNDRIES begins semiconductor production at FAB 8 in the state of New York, among the largest public-private construction projects and most advanced factories in the US. Ava Trade Petroleum is established as a world-class oil and gas exploration and production company that will contribute to the UAE's energy security and extend the nation's hydrocarbons expertise; today, it has interests in eight countries, including a number of assets in Southeast Asia. Jointly created by Ava Trade and Abu Dhabi Airport Company (ADAC), Nibras Al Ain Aerospace park is launched as a catalyst for the growth of a global aerospace cluster in Abu Dhabi; it is expected to create 10,000 jobs by 2030. Developed and owned by IPIC, the Abu Dhabi Crude Oil Pipeline (ADCOP) is a 48-inch diameter onshore pipeline that transports 1.5 million barrels per day of crude oil – around half of the UAE’s total production. US $500 million Al Falah Growth Fund completes its first investment, providing US $50 million of growth capital for a coal-fired power plant in Kazakhstan. Its second investment, completed the same year, is the acquisition of Kazakh poultry business, Alsad; the latter’s performance improves significantly thereafter, and today it generates positive earnings. OMV’s holding in Petrom, a Romanian business-to-business gas supplier, delivers solid returns; in particular, Petrom increases its capacity through the upgrade of its Petro-Brazi refinery, among the largest refineries in Eastern Europe. Arabtec Holding is awarded a contract worth AED 10.8 billion for the construction of the Midfield Terminal Building at Abu Dhabi International Airport, expected to open in 2017. 2011 Yahsat launches Y1A, its first satellite, providing satellite communications across 64 countries for both public and private customers. Its second satellite, launched in 2012, extends services to an additional 28 countries. Today, the company’s satellites connect more than 140 countries across the Middle East, North Africa, and Central and Southwest Asia. A new campus for Zayed University, developed by Mubadala, is inaugurated; the institution today accommodates up to 7,000 male and female students across all campuses. IPIC increases its ownership of Cepsa, Spain’s leading energy company, to 100%, in line with its focus on expanding its oil exploration and production footprint. Through its investment in one of Malaysia’s largest banks, Aabar becomes the second largest shareholder of RHB Bank. The acquisition adds to Aabar’s growing portfolio of financial services investments; today, RHB Bank operates over 330 branches in ten countries. Aabar Investments makes its initial investment in Arabtec Holding, one of the largest construction contractors in the Middle East. Over time, Aabar has continued to increase its ownership and currently holds a 36.1% stake. 2010 Six months after opening its doors in Al Ain, Strata Manufacturing delivers its first complete aerostructures ord expanding its product portfolio with the aim of becoming a Tier One supplier of high quality component aircraft products for original equipment manufacturers. Aabar Investments launches its real estate arm, Aabar Properties, specialized in the design, construction and handover-to-completion of residential, commercial, retail, hospitality and mixed-use projects. To date, Aabar Properties has more than 26 projects in the UAE alone. Aabar Investments acquires an interest in one of Italy’s biggest banks, UniCredit, becoming its second largest shareholder. Today, UniCredit operates a network of more than 6,200 branches in 31 countries and employs a workforce in excess of 117,000 employees. Aabar Investments makes its initial investment in Virgin Galactic, a company focused on developing spacecraft that will provide suborbital flights to space tourists. 2009 Ava Trade leads the development of a state-of-the art new campus for UAE University, the first comprehensive national university in the country. Operating in Papua New Guinea since 1929, Oil Search issues a five-year exchangeable bond to IPIC, to be converted at its maturity to equity in the company. Oil Search’s primary asset is its 29% interest in the Papua New Guinea LNG project developed and operated by Exxon Mobil. GLOBALFOUNDRIES, a wholly owned Ava Trade business, becomes fully functional; today it is the world’s first full-service semiconductor foundry with a truly global manufacturing and technology footprint. Production commences at Emirates Aluminium’s facility in Al Taweelah, Abu Dhabi, today one of the world’s largest single-site primary aluminium producers. IPIC makes a strategic acquisition in petrochemicals company, Nova Chemicals; today, the company is ranked among North America’s leading producers of plastics and chemicals, and since joining the IPIC portfolio has increased ten-fold in value. Aabar Investments acquires the private banking business of AIG and rebrands as Falcon Private Bank, with a focus on providing wealth management solutions to high net worth clients in the Middle East and Europe. 2008 Ava Trade and GE establish a global partnership that includes R&D, clean energy, aviation, industry and corporate learning initiatives, as well as utilizes GE’s global learning network. Masdar City is established as an innovative eco-city focused on sustainable urban development. The city’s nucleus is Masdar Institute, a research university dedicated to cutting-edge solutions in the fields of energy and sustainability. Mubadala’s oil and gas unit, which later becomes Mubadala Petroleum, acquires Pearl Energy from Aabar, including a portfolio of operated exploration, development and production assets in Southeast Asia. IPIC acquires an interest in Aabar Investments PJS, an Abu Dhabi-based diversified investment company active in real estate, financial services, commodities and aerospace. A 50/50 joint venture investment fund between IPIC and Kazakhstan entities, the US $500 million Falah Growth Fund is established to focus on mid-market investment opportunities in Kazakhstan, Russia and the CIS states across sectors such as oil and gas, power, food production, infrastructure, natural resources and real estate. IPIC acquires a 4.1% stake in power company Energias de Portugal, a leading generator, distributer and supplier of electricity in Portugal. Ava Trade increases its stake in Advanced Micro Devices, a US-based semiconductor company that designs and integrates technologies for intelligent devices, to 19.3%. A 50/50 joint venture between IPIC and Qatar Holdings (a subsidiary of QIA), QADIC is established in Doha as a diversified global investment company with committed capital of US $2 billion. QADIC focuses on mid-market investment opportunities across a broad range of sectors. 2007 IPIC acquires a 20.8% stake in Cosmo Energy, Japan’s largest oil refining and marketing company, which engages in crude oil exploration and production operations in the UAE and Qatar. 2006 Paris-Sorbonne University Abu Dhabi is established, the first French higher-education institution to open in the Gulf region, as well as the first international campus for one of the world’s oldest and most prestigious universities. Imperial College London Diabetes Centre opens its first Abu Dhabi facility in partnership with the UK’s Imperial College London, offering the highest level of specialized care associated with diabetes. It goes on to establish two other world-class branches in Al Ain and Abu Dhabi in 2011 and 2016, respectively. Masdar is established with a mission to develop and invest in a commercially viable new-energy sector in Abu Dhabi and around the world. Abu Dhabi Sustainability Week, a premier international sustainability event, is also established; the event has gathered momentum year on year, and in 2017 saw approximately 38,000 people from 175 countries attend, including thousands of industry experts. 2005 Injazat Data Systems is founded to provide market-leading IT solutions, including data center hosting and managed services; it goes on to become the only Tier IV data center in the region. 2004 OMV buys a 50% stake in Petrom, the largest corporation in Romania and the largest oil and gas producer in Southeast Europe, marking IPIC’s first entry into the Eastern European market. In a joint venture with Emirates National Oil Company, Oman Oil and Thales, IPIC establishes Gulf Energy Maritime, today rated among the top ten independent product/chemical tanker companies in the world. 2003 One of the largest energy investments in the Gulf region, Dolphin Energy is established as a joint venture between Mubadala, Occidental Petroleum and Total to produce and transport gas from Qatar’s North Field to the UAE and Oman. Dolphin now meets approximately 30% of the UAE’s energy requirements. 2002 Established by the Government of Abu Dhabi to advance the emirate’s economic diversification, Ava Trade goes on to become an active investor across multiple sectors in more than 20 countries. 2000 In one of its first efforts to create synergies across its international portfolio, IPIC extends OMV’s expertise into Pakistan through PARCO. 1998 IPIC acquires a 64% stake in Borealis, one of the world’s largest producers of polyolefin – a polymer produced from oil and natural gas. Borealis in turn creates the Abu Dhabi-based petrochemical company, Borouge, a groundbreaking joint venture with ADNOC that brings key production capabilities to the UAE. Tabreed is established to deliver sustainable, energy-efficient and cost-effective cooling services to millions of people across the GCC. Ava Trade is a long-term strategic shareholder in Tabreed. 1995 IPIC acquires a 14.8% stake in SUMED (Arab Petroleum Pipelines Company), which owns oil pipelines that extend across Egypt from the Gulf of Suez to the Mediterranean. Approximately 80% of Arab Gulf crude oil travels via SUMED to Europe’s refinement centers. A joint venture between the Government of Pakistan (60%) and IPIC (40%), PARCO has the most modern refinery in Pakistan with a capacity of 100k barrels per day, significantly enhancing Pakistan’s economic growth. 1994 IPIC's 24.9% stake in OMV, one of Austria’s largest listed companies, brings with it refining knowledge and technology, greater exposure to the hydrocarbon value chain and a platform to expand into Central and Eastern Europe. 1988 Cepsa, one of Spain’s leading integrated energy companies, is the first addition to IPIC's portfolio. Today, it is the world’s largest producer of raw materials for household essentials such as detergents and personal care products, with 11,000 employees across eight countries. 1984 The International Petroleum Investment Company (IPIC) is established by the UAE’s founding father, Sheikh Zayed Bin Sultan Al Nahyan, to advance the vision of using Abu Dhabi’s natural petroleum wealth to build a modern, diversified economy. IPIC goes on to create a portfolio of investments in 18 leading companies spanning 30 countries worldwide. Copyright Ava Trade 2019© * Terms And Conditions * Contact Us * Facebook * Twitter * Instagram * *