Company Insights Mubadala Investment Company Finance Mubadala Investment Company Overview Mubadala Investment Company, or Mubadala, is one of the Abu Dhabi government’s sovereign wealth funds. Established in 2017 by the merger of Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company, the company is based in Abu Dhabi. Mubadala manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad. Assets under management are valued at more than US$300 billion. Mubadala’s diverse portfolio spans more than 50 countries across sectors including retail, clean energy, self-driving cars and AI technology. In the UAE Mubadala owns or has invested in companies including Aldar Properties, Emirates Global Aluminium, First Abu Dhabi Bank (FAB), G42, Masdar, Tabby and Yahsat. Internationally it owns or has invested in Turkey’s Getir, Global Foundries and Waymo in the US, CityFibre in the UK and Jio Platforms and Tata Power Renewables in India. Mubadala has announced plans to invest significant capital into healthcare, artificial intelligence, space technology, digital infrastructure and the Asian and US markets. Mubadala’s subsidiaries include the asset management company Mubadala Capital, Mubadala Technologies and Mubadala Energy. Mubadala Investment Company News Artificial Intelligence US clears export of advanced AI chips to UAE The US has approved the export of advanced computer chips used for artificial intelligence to the UAE, reports indicate. Under the agreement the UAE will allow exports to a Microsoft-operated facility for use by Emirati state-backed AI company G42. Microsoft has invested more than $1.5 billion in G42 and holds a minority stake and board […] December 9, 2024 Finance Mubadala to focus on Asia investments says CEO Abu Dhabi wealth fund Mubadala Investment Company will focus on investments across Asia, CEO and managing director Khaldoon Al Mubarak has said. “Asia in general, we are under-invested,” Reuters reported, quoting Al Mubarak at the Milken Institute Middle East and Africa summit. “You have to take a very strong view on India, you have to […] December 9, 2024 Real Estate Property app Stake to launch in Saudi Arabia A fractional-ownership platform that enables investors to own parcels of real estate for as little as SAR500 ($134) is to launch in Saudi Arabia on December 9. Based in Dubai, Stake offers investors the opportunity to buy parts of residential and commercial properties. Fractional property ownership is a rising trend in the global real estate market. […] December 6, 2024 Tech Mubadala-led group buys stake in US company Zelis A consortium led by Abu Dhabi’s Mubadala Investment Company is to acquire a minority stake in Zelis, a US-based financial technology company. The other partners are Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners in Zelis. Zelis is helping to streamline the US healthcare financial experience, which is complex and needs technology-driven solutions, […] December 5, 2024 Finance Mubadala Capital’s $8.7bn bid to privatise CI Financial Mubadala Capital, the Abu Dhabi-based alternative asset manager, has made an all-cash offer of C$12.1 billion ($8.66 billion) to privatise CI Financial, a Canadian asset and wealth manager. As part of the agreement, all issued and outstanding shares of CI will be acquired for C$32 per share in cash, except for shares held by senior management […] November 26, 2024 Video length: 03:43 VIDEO Tech Funding squeeze stifles AI innovation in Mena Emerging technology and AI startups in the Mena region are struggling to find investors. Industry experts say that the Middle East attracts less than 5 percent of global funding for AI because of the lack of specialised venture capital funds that are willing to take risks. “Our region lags behind the rest of the world […] November 25, 2024 Renewable Energy Masdar-led consortium to build Saudi solar plant Masdar, the UAE clean energy company, has won a contract with Chinese and South Korean partners to develop a 2GW solar project in Saudi Arabia. The company, along with its partners GD Power of China and the Korea Electric Power Corporation, will build the plant at Al Sadawi, about 500km north of Riyadh in the […] November 20, 2024 Analysis Oil & Gas Trump’s prospective energy team is a mixed blessing for Gulf Fossil fuel veteran energy secretary US production boost could hit price Likely to impact renewables drive The nomination of a fossil fuels veteran and climate sceptic as US energy secretary is likely to chime with Gulf expectations tha... Register now: It’s easy and free This content is available for registered members only. Register for your […] November 19, 2024 Business of Sport Audi slams brakes on Qatari F1 buyout rumours Carmaker Audi has said its F1 team is not for sale, scuppering online rumours that the company was preparing to sell to Qatar’s QIA sovereign wealth fund. “We do not engage in speculation. The team is not for sale,” an Audi F1 spokesperson told AGBI on Tuesday. Qatar already holds a major stake in VW, […] November 13, 2024 Transport Mubadala to sell Brazilian port and mining assets Abu Dhabi’s Mubadala Capital has commenced work on selling Porto Sudeste, a Brazilian private port terminal. The port is co-owned with Singapore-based commodities trader Trafigura. Describing Porto Sudeste as a “mature” asset, Leonardo Yamamoto, executive director of Mubadala Capital Brazil, told Reuters that the company’s role is “no longer very relevant”. Mubadala Capital and Trafigura […] November 12, 2024 Posts navigation 1 2 … 26 Next
Artificial Intelligence US clears export of advanced AI chips to UAE The US has approved the export of advanced computer chips used for artificial intelligence to the UAE, reports indicate. Under the agreement the UAE will allow exports to a Microsoft-operated facility for use by Emirati state-backed AI company G42. Microsoft has invested more than $1.5 billion in G42 and holds a minority stake and board […] December 9, 2024
Finance Mubadala to focus on Asia investments says CEO Abu Dhabi wealth fund Mubadala Investment Company will focus on investments across Asia, CEO and managing director Khaldoon Al Mubarak has said. “Asia in general, we are under-invested,” Reuters reported, quoting Al Mubarak at the Milken Institute Middle East and Africa summit. “You have to take a very strong view on India, you have to […] December 9, 2024
Real Estate Property app Stake to launch in Saudi Arabia A fractional-ownership platform that enables investors to own parcels of real estate for as little as SAR500 ($134) is to launch in Saudi Arabia on December 9. Based in Dubai, Stake offers investors the opportunity to buy parts of residential and commercial properties. Fractional property ownership is a rising trend in the global real estate market. […] December 6, 2024
Tech Mubadala-led group buys stake in US company Zelis A consortium led by Abu Dhabi’s Mubadala Investment Company is to acquire a minority stake in Zelis, a US-based financial technology company. The other partners are Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners in Zelis. Zelis is helping to streamline the US healthcare financial experience, which is complex and needs technology-driven solutions, […] December 5, 2024
Finance Mubadala Capital’s $8.7bn bid to privatise CI Financial Mubadala Capital, the Abu Dhabi-based alternative asset manager, has made an all-cash offer of C$12.1 billion ($8.66 billion) to privatise CI Financial, a Canadian asset and wealth manager. As part of the agreement, all issued and outstanding shares of CI will be acquired for C$32 per share in cash, except for shares held by senior management […] November 26, 2024
Video length: 03:43 VIDEO Tech Funding squeeze stifles AI innovation in Mena Emerging technology and AI startups in the Mena region are struggling to find investors. Industry experts say that the Middle East attracts less than 5 percent of global funding for AI because of the lack of specialised venture capital funds that are willing to take risks. “Our region lags behind the rest of the world […] November 25, 2024
Renewable Energy Masdar-led consortium to build Saudi solar plant Masdar, the UAE clean energy company, has won a contract with Chinese and South Korean partners to develop a 2GW solar project in Saudi Arabia. The company, along with its partners GD Power of China and the Korea Electric Power Corporation, will build the plant at Al Sadawi, about 500km north of Riyadh in the […] November 20, 2024
Analysis Oil & Gas Trump’s prospective energy team is a mixed blessing for Gulf Fossil fuel veteran energy secretary US production boost could hit price Likely to impact renewables drive The nomination of a fossil fuels veteran and climate sceptic as US energy secretary is likely to chime with Gulf expectations tha... Register now: It’s easy and free This content is available for registered members only. Register for your […] November 19, 2024
Business of Sport Audi slams brakes on Qatari F1 buyout rumours Carmaker Audi has said its F1 team is not for sale, scuppering online rumours that the company was preparing to sell to Qatar’s QIA sovereign wealth fund. “We do not engage in speculation. The team is not for sale,” an Audi F1 spokesperson told AGBI on Tuesday. Qatar already holds a major stake in VW, […] November 13, 2024
Transport Mubadala to sell Brazilian port and mining assets Abu Dhabi’s Mubadala Capital has commenced work on selling Porto Sudeste, a Brazilian private port terminal. The port is co-owned with Singapore-based commodities trader Trafigura. Describing Porto Sudeste as a “mature” asset, Leonardo Yamamoto, executive director of Mubadala Capital Brazil, told Reuters that the company’s role is “no longer very relevant”. Mubadala Capital and Trafigura […] November 12, 2024