Abu Dhabi SWF fund manager Sheikh missing 27, March 2010Posted by thegulfblog.com in The Emirates.
Tags: Ahmed Al Nayhan missing, Ahmed bin Zayed al Nayhan, AIDA, Glider crash, Sovereign wealth fund transparency
The brother of the President of the UAE who is also ruler of Abu Dhabi Sheikh Ahmed bin Zayed al Nayhan is reportedly missing in a glider accident in Morocco. Ahmed Al Nayhan is the managing director of one of the world’s largest sovereign wealth funds, Aida. He also sits on the Supreme Petroleum Council, Abu Dhabi’s primary oil regulatory body.
Estimates vary as to Aida’s net worth from a paltry $4oobn to nearly $650bn. Established in 1976 Aida recently invested in Gatwick Airport in London, Citigroup and Hyatt Hotels. It scores a lowly 3 out of 10 in the SWF Linaburg-Maduell transparency index.