ADM Energy clarifies details on new partner DBI

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ADM Energy PLC (LON:ADME) has released more information about  Dubai Bridge Investments and the collaboration agreement announced by the two companies on 14 October 2020. 

DBI was incorporated in 2013 by Zubair Abdur-Razzaq Al Zubair, formerly a partner and CEO of AWGAL Investments, the Dubai-based private investment vehicle of Mr Abdulwahab Galdari.

Since his time at AWGAL Investments, Mr Al Zubair has been involved with financing opportunities in the natural resources and energy sectors.

He is not connected to the Al Zubair family in Oman and is a US citizen with business interests in the United Arab Emirates and the US.

ADM added that it has been advised that the use of the title His Excellency by Mr Al Zubair relates to social and cultural adoption rather than it having been awarded in connection with a senior governmental, or such other, position.

DBI has expressed an interest in introducing funds into several projects considered by ADM, said the statement.

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