Abu Dhabi’s sovereign wealth fund is poised to acquire McLaren’s automotive division

Welcome again, car enthusiasts! Let Driveaholic – UAE’s No. 1 Car Magazine, take you to the crazy world of automotive – Where fantastic ideas meet historical innovations.

Every business goes through ups and downs, including Car. McLaren, the well-reputable British supercar manufacturer recorded an annual loss of Euro 924 Million in 2023.

Founded in 1963, McLaren is known to manufacture luxurious and top-class sports and racing cars. As we said earlier, every business goes through some struggles, so, to make McLaren financially more stable, Abu Dhabi’s Sovereign Wealth Fund along with Mumtalakat (a Bahraini investment company) is buying the automotive division of the company.

The deal was signed in the presence of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and son of UAE President Sheikh Mohamed bin Zayed Al Nahyan.

It was not just a ceremony but also a historical event that set an inspiration among the readers, listeners, business professionals, in fact, everyone on how to become a supportive hand during someone’s tough time.

This iconic move by the Abu Dhabi Sovereign Wealth Fund to motivate and support McLaren to make more eco-friendly and high-performance cars will remain unforgettable.