UAE-based Al-Futtaim Family Office strengthens ties with Chinese EV giant as BYD accelerates global expansion HONG KONG, March 4, 2025 – The Al-Futtaim Family Office, one of the UAE’s prominent investment entities, has joined Chinese electric vehicle (EV) maker BYD Co. as a strategic investor in the company’s record-breaking Hong Kong share sale. BYD raised HK$43.5 billion (approximately $5.6 billion) in Hong Kong’s largest initial public offering (IPO) in nearly four years, offering 129.8 million shares at HK$335.20 each. The price represents a 7.8% discount to Monday’s closing price and falls at the lower end of the marketed price range, … Continue reading Al-Futtaim Family Office Joins BYD as Strategic Investor in $5.6 Billion Hong Kong Share Sale