Mubadala Sells Down Stake in UAE Carrier Du for $858 Million
- 2025-09-15 03:33:00
Abu Dhabi wealth fund Mubadala Investment Co. raised about $858 million from the sale of a stake in Emirates Integrated Telecommunications Co. PJSC after pricing the deal at the lower end of a planned range.
The wealth fund offered a 7.55% stake in the firm, known as Du, at 9.2 dirhams ($2.5) apiece. That’s a 6.1% discount to its Sept. 12 close, and towards the lower end of a 9 dirhams to 9.90 dirhams price range.
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