- Gulf funds facing greater scrutiny from CFIUS on US deals
- More than half a dozen deals are currently being reviewed
Middle Eastern wealth funds are facing greater scrutiny on US deals from the Biden administration, part of a broader pushback on entities perceived to have close ties with Beijing, according to people with direct knowledge of the matter.
The Committee on Foreign Investment in the United States is reviewing several multibillion dollar deals this year on concerns they could pose national security risks, said the people, who requested anonymity as the matter is private. Officials in President Joe Biden’s cabinet are currently reviewing more than half a dozen acquisitions, including deals from Abu Dhabi Investment Authority, Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund, they said.
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