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ADIA discloses 5% stake in US Cheniere Energy

ADIA discloses 5% stake in US Cheniere Energy
ADIA is the UAE's biggest sovereign wealth

UAE - Mubasher: The Abu Dhabi Investment Authority (ADIA) has announced a 5.05% stake worth around $615 million in the US liquefied natural gas producer Cheniere Energy, Reuters reported.

This disclosure was made in a filing with the U.S. Securities and Exchange Commission.

Managing around $700 billion in assets, ADIA is the UAE's biggest sovereign wealth, which invests on the behalf of the Abu Dhabi government in listed and unlisted assets overseas.

It is noteworthy to mention that in September, ADIA was ranked third among the top 89 sovereign wealth funds in a report by the Sovereign Wealth Fund Institute (SWFI), with $579.6 billion assets.