MUBADALA ASSETS $229 BLN
MEOG- Abu Dhabi sovereign wealth fund Mubadala saw a jump in its assets under management in 2018, reaching $229bn, up from $127.7bn the previous year.
"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," wrote group chief executive officer and managing director, Khaldoon Khalifa Al Mubarak, in a press statement. "The addition of the Abu Dhabi Investment Council was a transformational step, strengthening our position as an international investor across different sectors."
The company made $19bn worth of new investments during this period, entering some new sectors including specialty pharma, medical technology, and agribusiness.
"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," Al Mubarak added. "We are also activating our investments and relationships to establish Abu Dhabi as the technology hub for the MENA region."
The company monetised mature assets worth approximately $15bn. Its petroleum and petrochemicals division has been active this year, with deals across the globe.
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