Czech Billionaire Opens Abu Dhabi SPVs After Short-Seller Attack.

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    • Subject Terms:
      ABU Dhabi (United Arab Emirates); MIDDLE East
    • Abstract:
      Czech billionaire Radovan Vitek has established special purpose vehicles (SPVs) in Abu Dhabi, following a recent attack by short seller Carson Block. Vitek is the sole shareholder in Rising Falcon Holding Limited and Rising Falcon Number 1 Holding Limited, according to corporate records. This move aligns with a larger trend of wealthy individuals registering firms in Abu Dhabi, including Egyptian billionaire Nassef Sawiris, crypto billionaire Changpeng "CZ" Zhao, and others. The SPVs were set up by Clara Formations Limited, a corporate service provider in the UAE. [Extracted from the article]
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