Abu Dhabi’s SDF signs deal to increase ownership in MARIX
Strategic Development Fund (SDF), an Abu Dhabi-based investment entity wholly owned by EDGE Group, on Saturday announced that it has entered into an agreement with Sovereign Global Solutions Limited (SGS) to increase its ownership in MARIX to a majority stake. SDF initially invested in a minority stake in MARIX in 2022 to support the development of the company’s first prototype, MARIP-12, which has since become operational.
Abdulla Naser Al Jaabari, Managing Director and CEO of SDF, said, “Our increased participation in MARIX aligns with EDGE Group’s strategy to invest in advanced technologies with dual-use applications.
” Jerome Paolini, Shareholder and Director of Sovereign Global Solutions Limited (SGS), said, “As a longstanding shareholder in MARIX, we believe SDF becoming the majority owner alongside the additional capital investment this brings will support the company’s development and growth.
- 01Check whether the agreement produces operating evidence beyond the announcement itself.