Mubadala Investment Company PJSC ( ar, شركة مبادلة للاستثمار), or simply Mubadala, is an Emirati state-owned holding company that acts as a
sovereign wealth fund. The company was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company (IPIC) merged.
History
Established in 1984, International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy.
In June 2016, it was announced that Mubadala Development Company would merge with the International Petroleum Investment Company. In 2017, ownership of both MDC and IPIC was transferred to a newly-created parent company, Mubadala Investment Company. The company is a wholly owned investment vehicle of the government of
Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area.
...
, in the
United Arab Emirates, and Sheikh
Mohamed bin Zayed, the current ruler of Abu Dhabi and President of the United Arab Emirates, is a chairman in the company.
Investments and ventures
Mubadala has a ventures unit called Mubadala Ventures. Mubadala has invested in
logistics software
startup
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
Turvo,
Alphabet-owned self-driving technology company
Waymo, Reliance Jio Platforms, UK life sciences company Envision, and
Telegram. Mubadala is a parent company of
GlobalFoundries, a
semiconductor foundry company.
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accessed October 28, 2013.
The company owns stakes in numerous companies, including a 5 percent share in
Ferrari
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari (1898–1988) in 1939 from the Alfa Romeo racing division as ''Auto Avio Costruzioni'', the company built its first car in ...
,
a 6.9 percent share in
AMD, and a 7.5 percent share in the
Carlyle Group. In 2021, Mubadala purchased a 2.6% stake in
En+ Group, a manufacturer of green aluminum, from Polina Yumasheva, the former wife of Russian businessman
Oleg Deripaska
Oleg Vladimirovich Deripaska (russian: Олег Владимирович Дерипаска; born 2 January 1968) is a Russian billionaire and an industrialist. Deripaska enriched himself on previously state-owned assets that were privatized in ...
. The same year, Mubadala purchased MetrôRio, the company that holds the operations for the
Rio de Janeiro metro, from
Invepar
Investimentos e Participações em Infraestrutura S.A. - Invepar, or Invepar S.A., is a private urban mobility and transit infrastructure management company headquartered in Rio de Janeiro, RJ, Brazil. The company holds 11 concessions through its ...
.
A unit of the company, Mubadala Capital, invested €50 million in the Novalpina Capital
private equity fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity ...
of €1 billion, which bought the
NSO Group in 2019. Reports revealed that the UAE targeted human rights activists, journalists and
Princess Haya
Princess Haya bint Hussein ( ar, الأميرة هيا بنت الحسين; born 3 May 1974) is the daughter of King Hussein of Jordan and his third wife Queen Alia, and the half-sister of King Abdullah II.
She is a graduate of the University ...
using the
Pegasus
Pegasus ( grc-gre, Πήγασος, Pḗgasos; la, Pegasus, Pegasos) is one of the best known creatures in Greek mythology. He is a winged divine stallion usually depicted as pure white in color. He was sired by Poseidon, in his role as hor ...
spyware, during the same time. Mubadala Capital got a seat on Novalpina’s committee of largest investors.
Mubadala capital an investment company owned by Abu Dhabi has been a top investor in Israeli cyber weapons maker NSO Group since 2019 with an investment of €50mn.
In May 2022, Mubadala Investment Company signed a preliminary agreement with French utility Engie for the development of a digital platform to charge electric vehicles in the UAE and across the Middle East. The two companies would also explore areas related to sustainable mobility.
Mubadala Technology
The company's Advanced Technology Investment Company (ATIC) in 2008, is an investment company in the
high-technology sector. ATIC owns the
semiconductor foundry companies
GlobalFoundries,
and
Chartered Semiconductor Manufacturing (which later merged with GlobalFoundries). ATIC has invested in
Calxeda, a start-up company for producing
ARM architecture
ARM (stylised in lowercase as arm, formerly an acronym for Advanced RISC Machines and originally Acorn RISC Machine) is a family of reduced instruction set computer (RISC) instruction set architectures for computer processors, configured ...
-based computers for the server market. In 2011, ATIC announced investments of $5.5 billion to expand chip manufacturing in Singapore, Dresden, and New York. It also announced a $6–$8 billion computer chip factory in Abu Dhabi for completion in 2012. The company supports research initiatives in
Khalifa University, UAE University, American University of Sharjah, Masdar Institute and
New York University Abu Dhabi. In 2014, ATIC became Mubadala Technology.
Mubadala Energy
Mubadala Energy (formerly Mubadala Petroleum) plan to expand into LNG, blue hydrogen and carbon capture. Mubadala Energy works in eleven markets and employs over 500 people.
References
External links
Mubadala Investment CompanyATIC official websiteMubadala Investment Company SWFI Profile{{1MDB
Financial services companies established in 2017
Government-owned companies of Abu Dhabi
Investment companies of the United Arab Emirates
Sovereign wealth funds
Emirati companies established in 2017