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 A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such ...

. 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 The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

, and Sheikh

Mohamed bin Zayed Sheikh Mohamed bin Zayed Al Nahyan ( ar, مُحَمّد بِن زَايد آل نَهيَان, Moḥamed bin Zāyed Āl Nahyān; born 11 March 1961), colloquially known by his initials as MBZ, is the third president of the United Arab Emirates ...

, 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 Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

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 An alphabet is a standardized set of basic written graphemes (called letters) that represent the phonemes of certain spoken languages. Not all writing systems represent language in this way; in a syllabary, each character represents a syll ...

-owned self-driving technology company

Waymo Waymo LLC, formerly known as the Google self-driving car project, is an American autonomous driving technology company headquartered in Mountain View, California. It is a subsidiary of Alphabet Inc, the parent company of Google. Waymo opera ...

, Reliance Jio Platforms, UK life sciences company Envision, and

Telegram Telegraphy is the long-distance transmission of messages where the sender uses symbolic codes, known to the recipient, rather than a physical exchange of an object bearing the message. Thus flag semaphore is a method of telegraphy, whereas p ...

. Mubadala is a parent company of

GlobalFoundries GlobalFoundries Inc. (GF or GloFo) is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD, th ...

, a

semiconductor A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...

foundry company."The National"
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 Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufactur ...

, and a 7.5 percent share in the

Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and pri ...

. In 2021, Mubadala purchased a 2.6% stake in

En+ Group En or EN may refer to: Businesses * Bouygues (stock symbol EN) * Esquimalt and Nanaimo Railway (reporting mark EN, but now known as Southern Railway of Vancouver Island) * Euronews, a news television and internet channel Language and writing * E ...

, 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 Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a b ...

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 NSO Group Technologies (NSO standing for Niv, Shalev and Omri, the names of the company's founders) is an Israeli cyber-intelligence firm primarily known for its proprietary spyware Pegasus, which is capable of remote zero-click surveillance o ...

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 High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest te ...

sector. ATIC owns the

foundry companies

, and

Chartered Semiconductor Manufacturing Chartered Semiconductor was created in 1987, as a venture that included Singapore Technologies Engineering Ltd. Yet, it was not until 2000, that ST Engineering (Singapore Technologies Semiconductors), a wholly owned subsidiary of Temasek Holding ...

(which later merged with GlobalFoundries). ATIC has invested in

Calxeda Calxeda (previously known as Smooth-Stone) was a company that aimed to provide computers based on the ARM architecture for server computers. It operated from 2008 through 2013. In March 2011 Calxeda announced a 480-core server in development, co ...

, 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 Khalifa University ( ar, جامعة خليفة) is a public research university located in Abu Dhabi, United Arab Emirates. It was ranked as the 181st best university in the world by QS world university rankings of 2023. Founded in 2007 by a decr ...

, UAE University, American University of Sharjah, Masdar Institute and

New York University Abu Dhabi New York University Abu Dhabi (NYUAD, ar, جامعة نيويورك أبوظبي) is a degree granting, portal campus of New York University serving as a private, liberal arts college, located in Abu Dhabi, United Arab Emirates. Together with ...

. 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 Company

ATIC official website

Mubadala 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