Abu Dhabi's Mubadala, Alpha Dhabi to enter credit markets via new venture

Abu Dhabi's Mubadala, Alpha Dhabi to enter credit markets via new venture

The Landmark skyscraper, center, stands on the city skyline beside a waterway in Abu Dhabi, United Arab Emirates. Photographer: Alex Atack/Bloomberg

Abu Dhabi state fund Mubadala Investment Co and the UAE-based conglomerate Alpha Dhabi plan to deploy up to 9 billion dirhams ($2.5 billion) in credit markets through a new joint venture, the companies said on Thursday.