Abu Dhabi's International Petroleum Investment, chaired by Sh. Mansoor bin Zayed Al Nahyan, decided to sell its 1.3 billion shares of Barclays. The Company almost doubled its last year’s investment. Whether it’s due to luck or skill, I’ll leave it up to you.
But why would an oil company invest in a financial institution? Did it manage to get any energy deals from Barclays during its investment? Nope. More or else, it was an exercise in bragging rights. The owners of the AD Intl Petroleum Investment, the government of Abu Dhabi, failed to stop what could have been a disastrous investment at the expense of the Emiratis, just to satisfy some select upper classes.
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