Mubadala is a state-owned entity, established as a Public Joint Stock Company since 2017. The holding includes a number of subsidiaries working in various fields of economics in the UAE and abroad. Thus, Mubadala has a wide range of interests which lie in real estate, aerospace, agricultural business, capital, healthcare, ICT, metals and mining, pharmacy and medicine, renewables, semiconductors and utilities.

The company structures its operation around 4 global platforms, that allow them to concentrate on prioritized areas of the business and adjust efforts in maintaining portfolio growth and risk management. These are as following:

1. The UAE investment platform proposes to develop home-grown brands in commercial and industrial sectors.
2. Direct investments – focusing on the markets of North America and Europe, the subdivision builds partnership with companies and champions in technology, life sciences, energy, chemicals and more.
3. Disruptive investments – within this platform the company deploys capital to innovative technologies and alternative businesses, such as artificial intelligence, self-driving cars, ride sharing, etc.
4. Real estate and infrastructure – the platform will invest in income-producing properties around the world to gain long-term returns along an entire business cycle.

This formation was proposed not so long ago and it is yet to prove its effectiveness.

History

Mubadala was created through the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company (MDC). IPIC was founded in 1984 and MDC in 2002 and each company had a long and successful history before the unity. In 2018, the group was significantly fortified by the addition of the Abu Dhabi Investment Council, a wholly-owned investment vehicle of the Abu Dhabi Government. That merger has resulted in a combined investment portfolio of AED 918 billion (USD 250 billion) and has secured Mubadala Investment Company as 2nd place among the largest sovereign wealth funds in the emirate capital and the 3d in the UAE.

Today, the company successfully operates in more than 50 states around the globe with offices in Abu Dhabi, New York, San Francisco, London, Rio de Janeiro, Moscow and Beijing.

Latest News

Due to an official report released by Mubadala, the company closed the financial year of 2020 with record profit and growth:

• A comprehensive income is estimated at AED 72 billion (USD 19,6 billion).
• Assets under management AED 894 billion (USD 243 billion). For comparison, in 2019 equity across the group achieved AED 853 billion (USD 232 billion) in value.
• In 2020 the company deployed AED 108 billion (USD 29,4 billion) of capital investment, which is 51% more than the year before. In contrast, other state funds invested in a fifth less during the coronavirus pandemic affected 2020 year.

In 2020, Mubadala deployed capital through its established partnerships to India, Russia, China and France. Notably, the main place of force for Mubadala is the UAE and US markets. These markets take up the largest share of the company’s portfolio.

Some of Mubadala’s most recent investment projects include a collaboration with social media platform Telegram in Abu Dhabi and an agreement with the UK Government on strategic partnership in life sciences marked out by AED 4.15 billion (USD 1.13 billion) of initial investment.