The Abu Dhabi Investment Council (ADIC or the "Council") is one of the investment arms of the government of Abu Dhabi. It started operations in April 2007, as a spin-off of the Abu Dhabi Investment Authority (ADIA). ADIC is responsible for investing the government's surplus, targeting positive capital returns through diversified asset classes and active investments.[2][3][4] In March 2018, Abu Dhabi Executive Council issued a law reorganising ADIC under the ownership of Mubadala.[5][6]
History
The Abu Dhabi Investment Council was splintered off from ADIA in 2007 and took over all local subsidiaries previously owned by ADIA including