Billionaire Vitek Opens Abu Dhabi SPVs in Latest Move to Emirate
- Vitek set up new entities shortly after report by Muddy Waters
- He joins CZ, Dalio, Lisin and Sawiris as recent ADGM arrivals
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Czech billionaire Radovan Vitek has set up special purpose vehicles in Abu Dhabi, the latest high net worth individual to register firms in the emirate.
The property mogul is the sole shareholder in Rising Falcon Holding Limited and Rising Falcon Number 1 Holding Limited, according to corporate records at Abu Dhabi Global Market, the city’s international financial center. They were incorporated on Dec. 5, weeks after Vitek was targeted by short seller Carson Block.