Russia’s Sberbank to set up office in Abu Dhabi, exploring opportunities with Mubadala including in Islamic finance
Russian state-owned Sberbank will establish a presence in Abu Dhabi by the end of the year, it said in a statement on Tuesday (September 22).
The largest bank in Russia, Central and Eastern Europe is looking to promote investment activity by implementing its clients’ projects in both conventional and Islamic finance through cooperation with funds, financial institutions and other bodies in the Middle East.
Sberbank has also signed an agreement with Abu Dhabi sovereign investor Mubadala Investment Company to “explore opportunities of mutual benefits”.
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