Mubadala invests AED70b across key sectors in 2018

ABU DHABI / AGENCIES

Abu Dhabi’s Mubadala Investment Company on Monday released its full-year 2018 annual review showcasing operational performance and significant scale across sectors with strong growth potential.
Despite global macroeconomic turbulence in the fourth quarter of the year, the group delivered stable financial results, with total comprehensive income at AED12.5 billion.
In line with Mubadala’s strategy to diversify its investment base, it monetised a number of its mature assets for a total of AED55.4 billion, and it invested AED70.1 billion of additional and recycled capital across the group’s existing investment sectors including technology, aerosp- ace, commodities and financial services, as well as new sectors, including medtech, pharma and agribusiness.
Mubadala’s assets under management reached AED 841 billion ($229 billion) in 2018 compared to AED469 billion in 2017.
Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Muba-rak, 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-focussed economic base. The addition of the Abu Dhabi Investment Council was a transformational step, strengthening our position as an international investor across different sectors.”
“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. We are also activating our investments and relationships to establish Abu Dhabi as the technology hub for the Mena region,” he added.
Al Mubarak added, “Our talent, capital structure, glo-bal partnerships and strong track record are enabling us to deliver on our mandate as an organisation entrusted with supporting Abu Dhabi’s economic progression.”