The sovereign wealth fund’s Group Chief Executive Officer said that technological disruption is creating the potential for value across all sectors, which is an opportunity for us to deepen our position as a major global investor.
Mubadala Investment Company invested a total of AED 70.1 billion of additional and recycled capital across the group’s existing investment sectors including technology, aerospace as well as commodities and financial services in line with Abu Dhabi’s efforts to diversify its economy.
The wealth fund also invested in new sectors such as medtech, pharma and agribusiness.
Khaldoon Khalifa al Mubarak, the Group Chief Executive Officer and Managing Director of Mubadala, said, “Mubadala is operating as a global investor to drive financial returns and strategic value for Abu Dhabi, towards a vision of an internationally-connected and future-focused economic base.”
In a report, Mubadala said that Abu Dhabi Investment Council (ADIC) joined the sovereign wealth giant last year, adding that the merged fund has since grown and diversified Mubadala’s investment portfolio worldwide.
The addition of the ADIC was a transformational step, strengthening our position as an international investor across different sectors, says Al Mubarak.
“The addition of ADIC has diversified our exposure and strengthened our portfolio and while investing in new asset classes we remain focused on robust balance sheet management, maintaining a low leverage position and managing risk across the business,” added Carlos Obeid, Mubadala’s Chief Financial Officer.
The wealth fund said that its Assets Under Management has reached AED 841 billion compared to AED 469 billion the year earlier.
The fund launched a new $400 million Ventures tech fund, targeting founder-led and high-growth tech companies in the UK and continental Europe.
Additionally, Mubadala launched a $1 billion Abu Dhabi Catalyst Partners fund in partnership with top tier and upcoming investment firms, industry-leading businesses and professionals who will benefit from building a meaningful and sustainable presence in Abu Dhabi Global Market.