has received over USD3.5 billion in advance government contributions in addition to USD1 billion in perpetual loans, which is treated as equity.
"Mohamed Al Mehairi has been responsible for successfully growing IPIC
's portfolio of investments over the past 9 years, including Aabar, through his role as a Board Director," said His Excellency Suhail Mohamed Al Mazrouei, Managing Director of IPIC
and Chairman of Aabar.
The contest is widely regardly as the Purebread Arabian Dubai World Cup and IPIC
see it as the perfect opportunity to inspire local Emirati youth.
These bonds were jointly guaranteed by IPIC
and Malaysia's Finance Ministry.
's 16 upscale theaters allow customers to dine while watching movies and offer table service at some premium seats.
MDC will guarantee IPIC
's payment obligation under the 1MDB notes guaranteed by IPIC
has asked bondholders to agree to Mubadala Investment Company - the merged entity - becoming guarantor and MDC the issuer of over $6 billion of IPIC
's existing debt.
This will be the first Nassau County lease for iPic
has formed a partnership with BAS Global Investments Company, a well-known Saudi group, reflecting the company's strategy to pursue international asset-light licensed agreements.
"We are thrilled to be working with BAS Global, which we believe will be excellent local partners to lead growth of the iPic
brand throughout the Kingdom of Saudi Arabia," commented Hamid Hashemi, Founder & CEO of iPic
In its statement to the London Stock Exchange on Wednesday, Ipic
said: "International Petroleum Investment Company PJSC (Ipic
) has now received all the funds required to be paid to Ipic
by December 31, 2017, under the Settlement with the Minister of Finance (Incorporated) Malaysia and 1Malaysia Development Berhad and the Consent Award made on May 9, 2017."