Sberbank and Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor, signed a strategic agreement to explore opportunities of mutual benefits, Sberbank informed.
The agreement covers cooperation in multiple areas, including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, hedging FX and credit risks, among others.
Furthermore, the agreement paves the way for potential cooperation and investments in areas such as artificial intelligence, cybersecurity, life sciences, venture capital, Islamic finance, telemedicine and education. Sberbank and Mubadala are jointly developing a more detailed roadmap outlining engagement and cooperation plans across these verticals.
Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance owns 52.32% of Sberbank's total voting shares.
