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ABU DHABI / WAM
Mubadala Investment Company, the Abu Dhabi-based global investor, has announced the launch of Sanad, a new industrial champion designed to foster Abu Dhabi’s long-term growth in the global
aerospace and industrial services sectors.
By reinforcing its strategic focus on enhanced customer support through superior engineering and leasing solutions excellence, Sanad will integrate Sanad Aerotech; Sanad Powertech and Sanad Capital, a dedicated leasing partner for the global aerospace industry.
The new aviation powerhouse will provide holistic, comprehensive solutions to support its customers.
The Abu Dhabi-based Sanad will build on more than three decades of aviation experience to grow its customer base regionally and globally.
Badr Al Olama, Head of Mubadala Aerospace, commented, “Sanad will spearhead Mubadala’s strategic investments in key technologies and capabilities to enhance and strengthen its global positioning. As a trusted partner providing holistic services in aviation and industrial MRO, engine financing, and leasing, Sanad will play a key role in promoting Abu Dhabi as a global aerospace hub.”
“We will invest, employ and deploy Fourth Industrial Revolution technologies to transform our global offering to customers. Consolidating our businesses is pivotal to our vision, as we look to unlock synergies across the entire aviation value-chain. Our leadership team has a strong track record of delivering value and the creation of this group is a new milestone that will reinvent the customer experience,” added Al Olama.
Following the recent rebranding of TS&S businesses into Sanad Aerotech and Sanad Powertech, the new parent company will empower its individual businesses to continue placing its valued customers at the forefront of its ethos.