mubadala investment company

Mubadala Investment Company is an effective money manager who is working at the forefront of global development and advancement to open doors for people in the future. It intends to continue supporting this vision by building on the legacy of the late Sheikh Zayed Bin Sultan Al Nahyan, who envisioned a free, steady, and honourable life for individuals in this country. According to HH Sheikh Zayed Bin Sultan Al Nahyan’s vision, Mubadala is now a $284 billion (AED 1,045 billion) business spanning six landmasses with interests in a variety of areas and resource classes. Mubadala is headquartered in Abu Dhabi, but it also has offices in London, Moscow, New York, and Beijing.

History

In June 2016, IPIC and Mubadala Development Company (MDC) announced their merger. Mubadala Investment Company, a newly established parent organisation, purchased both MDC and IPIC in 2017. The business is chaired by Sheikh Mohamed bin Zayed Al Nahyan, the current president of the United Arab Emirates and ruler of Abu Dhabi. The company is a wholly-owned investment vehicle of the Abu Dhabi government in the United Arab Emirates.

Ventures and Investments

Mubadala Ventures is Mubadala’s venture capital division. Mubadala has invested in Turvo, a logistics software startup, Waymo, a self-driving technology company owned by Alphabet, Reliance Jio Platforms, Envision, a UK life sciences company, and Telegram, a messaging app. GlobalFoundries’ parent company is Mubadala.

Mubadala owns stakes in a variety of companies, including a 5% stake in Ferrari, a 6.9% stake in AMD, and a 7.5% stake in the Carlyle Group. In 2021, Mubadala acquired a 2.6% stake in En+ Group, a producer of green aluminium, from Polina Yumasheva, Oleg Deripaska’s ex-wife. The following year, Mubadala acquired MetrôRio, which manages the operations of the Rio de Janeiro metro, which Mubadala had purchased from Invepar the previous year.

Mubadala Capital, a division of the company, contributed €50 million to Novalpina Capital, a €1 billion private equity firm that acquired the NSO Group in 2019. As a result, Mubadala Capital was appointed to the largest investor committee of Novalpina.

Mubadala Investment Company and Engie, a French utility company, signed a preliminary agreement in May 2022 to develop a digital platform for charging electric vehicles across the UAE and the Middle East. The two companies will also investigate sustainable mobility-related sectors.

Mubadala Investment Company is collaborating with the NEOM Company as part of a new venture. The NEOM Line, The City of the Future, is the company’s main project.

What does Mubadala do?

Mubadala generates more than $45 billion in annual revenue with over 65,000 employees spread across five mainlands. HH Sheikh Mohammed Bin Zayed Al Nahyan is the organization’s administrator, and Khaldoon Khalifa Al Mubarak has been the Chief Executive Officer since around 2018. Merrill Lynch International, Citi, BNP Paribas, Deutsche Bank, and First Abu Dhabi Bank are among MIC’s banking partners. Despite the fact that its history dates back to the 1950s, when Abu Dhabi discovered oil during the reign of late Sheikh Zayed Bin Sultan Al Nahyan, prompting the establishment of IPIC in the 1980s, the Mubadala Investment Company Group/consolidation was formally established in 2017.

MIC has invested over $35 billion in infrastructure development (roads, power, water, and telecommunications) throughout Africa, with a focus on North African countries such as Egypt and Morocco, as well as West African countries such as Senegal and Djibouti. Mubadala’s African investments also include a bauxite mine, an alumina refinery, and a large seaport in Guinea, West Africa. MIC also has partnerships with global corporations operating in Africa, such as General Electric, TOTAL, and IBM. MIC recently formed a partnership with Ethiopian Airlines to provide the airline with maintenance and financial services. Mubadala was once the largest shareholder in Etisalat Nigeria, but it pulled out in 2017.

Mubadala Core Values

  • Transparency
  • Governance
  • Team spirit
  • Participation
  • Effective communication

What Mubadala Looks for When Assessing and Investment?

According to Ibrahim Ajami, head of ventures Mubadala Capital who shared his insights on what he looks for in a startup:

“At Mubadala, a partnership is at the centre of their investment approach, so they are always looking for mutually beneficial opportunities where their involvement can generate real value. Both financial and societal returns are intrinsic to the long-term value they create. This means that they do not only consider money but also consider how an investment partnership will contribute to the UAE’s development and progress as part of our decision-making. In fact, they look for investment opportunities where bringing their expertise to bear can really be the critical factor in accelerating a company’s growth trajectory while forming a sustainable long-term partnership. Their aim is to make Abu Dhabi a world-class innovation ecosystem with initiatives like our MENA fund which is already supporting some exciting startups”.

What else do you know about Mubadala Investment Company? You can tell us all about it in the comment section down below!

September 16, 2022
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