The partnership is formed between Mubadala Capital Sephora Holding is a practical model that provides the two companies with new horizons of investment opportunities with mutual gains.
Under the memorandum of understanding, the two companies will work to employ their combined capabilities and resources to identify and explore joint investment opportunities and other global strategic opportunities that are compatible with their long-term goals, including investing in global markets. Singapore andThe UAE .
A joint working committee will also be formed, including representatives of the two companies, which will undertake the task of implementing the objectives of the memorandum of understanding and promoting ways to exchange knowledge and best practices between the two sides.
Mubadala Capital CEO and Managing Director, Hani Barhoush, said: “We look forward to exploring new horizons towards achieving joint growth, and we are confident that this cooperation will provide us with important strategic opportunities as we move forward in implementing our investment initiatives globally.”
