In a significant shift in the automotive industry, British supercar manufacturer McLaren has been sold to Abu Dhabi’s sovereign wealth fund, CYVN Holdings, for a staggering $1.5 billion. The deal follows McLaren’s record losses of £924 million in 2023.
To put this massive sum into perspective, it translates to an astounding PKR 415,874,632,500 in Pakistani Rupees.
Previously owned by Bahrain’s Mumtalakat Holding Company, McLaren’s automotive division will now be overseen by CYVN Holdings, a fund managed under the Abu Dhabi Investment Authority (ADIA).
The acquisition was supervised by Abu Dhabi’s Crown Prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, marking a key move in diversifying the emirate’s investments and further establishing its foothold in the high-performance automotive sector.
The sale signals a pivotal moment for McLaren, as it aims to navigate its financial struggles under new ownership while maintaining its reputation as a leading name in the luxury supercar market.
