Middle Eastern sovereign wealth funds have posted record gains from early investments in newly listed Chinese artificial intelligence companies, even as global markets face turbulence بسبب conflict in the Gulf. The Abu Dhabi Investment Authority turned a 65 million dollar stake in MiniMax Group into more than 400 million dollars following the company’s Hong Kong listing in January. Similarly, Aramco Ventures saw its roughly 30 million dollar investment in Knowledge Atlas Technology, known as Zhipu, surge to about 415 million dollars after its market debut.

The strong performance of these generative artificial intelligence listings stands in contrast to a broader global sell-off triggered by attacks on energy and infrastructure targets in the Middle East. Despite concerns about disruptions to oil supplies and critical assets such as data centers, investor appetite for leading Chinese technology offerings has remained robust.

These investments highlight the delicate balancing act facing Gulf funds as they navigate ties between China and the United States. While some entities have pledged significant investments in Western markets, others continue to explore opportunities in Beijing, carefully avoiding transactions that could raise political sensitivities. Even amid regional tensions, major sovereign funds from the Gulf continue to pursue global deals across technology and other sectors.