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Saad Hariri ADGM: SPV Company Registration - News Directory 3

Saad Hariri ADGM: SPV Company Registration

June 7, 2025 Catherine Williams Business
News Context
At a glance
  • Saad Hariri, the former ⁢Lebanese prime‍ minister, is venturing into the investment world with a new firm ⁣based in abu Dhabi.
  • Hariri, ⁣55, who served two terms as Lebanon's prime minister, is listed as the sole shareholder, according to ADGM filings.
  • will function‍ as a special purpose vehicle, holding ownership of equity and non-equity assets.
Original source: arabianbusiness.com

Saad Hariri,former Lebanese ⁤Prime Minister,launches Genesis SPV Ltd. in Abu Dhabi, signaling a strategic pivot into ⁢technology investment. This special ‍purpose vehicle (SPV) registered in Abu Dhabi Global Market (ADGM) ‍will channel funds ‍into the global tech sector, with a keen⁣ focus on artificial intelligence (AI).genesis SPV ltd.intends to hold both equity and non-equity assets. The⁢ company ⁤registration marks a notable shift in Hariri’s activities since making Abu Dhabi his ⁤primary residence. This advancement, highlighted today, June 7, underscores Hariri’s ⁤commitment ‍to global tech investment, particularly in ⁣AI applications. News Directory 3 brings ⁢you up-to-the-minute details. Discover what’s next as Genesis⁢ SPV Ltd. initiates‍ its‍ AI investment strategy and unveils ⁢its portfolio.

Key Points

  • Saad Hariri, former Lebanese PM, starts investment firm in Abu Dhabi.
  • Genesis SPV Ltd. will focus on global technology investments.
  • Artificial‍ intelligence⁤ (AI) is a primary investment target.

Saad Hariri Launches Abu Dhabi⁤ Investment Firm Targeting AI

Updated June 7, 2025

Saad Hariri, the former ⁢Lebanese prime‍ minister, is venturing into the investment world with a new firm ⁣based in abu Dhabi. The‍ company, Genesis SPV Ltd.,was registered on May 23 in Abu Dhabi global Market (ADGM),a financial‍ free zone.

Hariri, ⁣55, who served two terms as Lebanon’s prime minister, is listed as the sole shareholder, according to ADGM filings. The new venture plans⁢ to invest in the⁤ global technology sector, with a particular emphasis on artificial intelligence ⁣(AI).

According to its ADGM filing, Genesis ‍SPV Ltd. will function‍ as a special purpose vehicle, holding ownership of equity and non-equity assets. The company is permitted to incorporate subsidiaries outside ‍of ADGM but cannot register branches.

Hariri and his representatives declined to comment on the new venture.

The former‍ prime minister has⁢ made Abu Dhabi his primary residence since early 2022.

What’s next

Genesis SPV Ltd. is expected to begin making strategic investments in the technology ⁣sector, particularly⁤ in ⁢artificial intelligence, in the coming months.

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