Credit Suisse Investment Bank Sees Abu Dhabi, Saudi Interest
- Middle East nations could decide to invest via sovereign funds
- Qatari, Saudi entities already major Credit Suisse investors
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Abu Dhabi and Saudi Arabia are weighing whether to put money into Credit Suisse Group AG’s investment bank and other businesses to take advantage of depressed values, people with knowledge of the matter said.
The oil-rich emirate and its Gulf neighbor are separately exploring potential investments through sovereign wealth funds such as Abu Dhabi’s Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund, the people said, asking not to be identified as talks are private. A deal could also come through other vehicles in which each country owns significant stakes, the people said.