Mubadala Investment Company
Mubadala Investment Company PJSC (Arabic: شركة مبادلة للاستثمار) (Mubadala) is an Emirati state-owned holding company that can be characterized as a sovereign wealth fund. The organization is strongly connected to Mohamed bin Zayed, crown prince of Abu Dhabi.[2]
| Type | Joint stock company (Government owned) |
|---|---|
| Industry | Diversified investments |
| Founded | January 2017 |
| Headquarters | , |
Key people | Sheikh Mohammed bin Zayed Al Nahyan, Chairman Khaldoon Khalifa Al Mubarak, CEO and Managing Director |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 55000 |
| Parent | Abu Dhabi |
| Subsidiaries | Piaggio Aerospace Mamoura Diversified Global Holding IPIC Group 42 (Emirati company) Dolphin Energy Nova Chemicals GlobalFoundries OMV Oil Search MetrôRio |
| Website | www |
It was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company (IPIC) merged. It is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates.[3][4][5] Reportedly, Mubadala Investment was formed after Khadem al-Qubaisi, ex-managing director of IPIC, was arrested over his and the company’s involvement in the 1MDB scandal.[6]
History
In June 2016, it was announced that Mubadala Development Company (MDC) would merge with IPIC.[7][8][9] In 2017, ownership of both MDC and IPIC was transferred to a newly-created parent company, Mubadala Investment Company.[10]
Mubadala has a ventures unit called Mubadala Ventures.[11] Mubadala has invested in logistics software startup Turvo,[12] Alphabet-owned self-driving technology company Waymo,[13] Reliance Jio Platforms,[14] UK life sciences company Envision,[15] and Telegram.[16] Mubadala is a parent company of GlobalFoundries, a semiconductor foundry company.[17]
| Founded | 2014 |
|---|---|
| Successor | Advanced Technology Investment Company (ATIC) |
| Headquarters | , |
Key people | Ibrahim Ajami (CEO) |
| Parent | Mubadala Investment Company |
The company's Advanced Technology Investment Company (ATIC) in 2008, is an investment company in the high-technology sector.[18] ATIC owns the semiconductor foundry companies GlobalFoundries,[17] and Chartered Semiconductor Manufacturing (which later merged with GlobalFoundries).[19][20] ATIC has invested in Calxeda, a start-up company for producing ARM architecture-based computers for the server market.[21] In 2011, ATIC announced investments of $5.5 billion to expand chip manufacturing in Singapore, Dresden, and New York.[22][23] It also announced a $6–$8 billion computer chip factory in Abu Dhabi for completion in 2012.[24] 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.[25]
In 2021 Mubadala purchased a 2.6% stake in En+ Group, a manufacturer of green aluminum, from Polina Yumasheva, the former wife of Oleg Deripaska.[26] In the same year, Mubadala purchased MetrôRio, the company that holds the operations for the Rio de Janeiro metro, from Invepar.
References
- "Mubadala Investment Company Announces Full Year 2017 Financial and Operational Highlights". Mubadala Investment Company. April 29, 2018.
- Ennis, Crystal A. (2018). "Reading entrepreneurial power in small Gulf states: Qatar and the UAE". International Journal. 73 (4): 573–595. doi:10.1177/0020702018809980. hdl:1887/71834. ISSN 0020-7020. S2CID 150220133.
- "The Mubadala Story | Mubadala Development Company | Abu Dhabi, United Arab Emirates". Mubadala.ae. Retrieved 2012-08-13.
- "Senior Executive Management". Mubadala. Retrieved 2014-06-05.
- "Aviation News | Airline Profiles | Jobs & Aircraft Listings". Arabaviation.com. Retrieved 2014-06-05.
- "Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis". The Wall Street Journal. 23 January 2019. Retrieved 23 January 2019.
- "Fast FT". Financial Times. 29 June 2016. Retrieved 7 July 2016.
- French, David; Tolba, Ahmed; Aboudi, Sam (29 June 2016). "Abu Dhabi government orders merging of Mubadala And IPIC - state news agency". Reuters. Retrieved 7 July 2016.
- Kerr, Simeon (29 June 2016). "Abu Dhabi to merge sovereign wealth funds Ipic and Mubadala". Financial Times. Retrieved 7 July 2016.
- "Mubadala and IPIC Officially Merge". Sovereign Wealth Fund Institute. January 22, 2017.
- "Mubadala and Arbor Ventures Lead Series A in Tabby". www.swfinstitute.org. 2020-12-09. Retrieved 2020-12-10.
- Phillips, Erica E. "Abu Dhabi State Fund Leads $60 Million Funding in Logistics Software Startup". WSJ. Retrieved 2018-11-09.
- "Mubadala invests in autonomous, self-driving technology company Waymo". www.institutionalassetmanager.co.uk. 2020-03-03. Retrieved 2020-03-05.
- "Investors Flock to Pick Up Stake in Ambani's Jio Platforms | TopNews". topnews.in. Retrieved 2020-06-07.
- "Mubadala, other investors acquire majority stake in UK life sciences company Envision".
- Natasha Lomas (23 March 2021). "Telegram raises $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds". TechCrunch. Retrieved 23 March 2021.
- "The National", accessed October 28, 2013.
- "About Us", ATIC, accessed June 12, 2011.
- “Press Release”, ATIC, accessed June 14, 2011.
- “Abu Dhabi to take on Taiwan’s Chipmakers”, Financial Times, accessed June 14, 2011.
- “Green chip start-up gets $48 million in funding”, CNET, accessed June 14, 2011.
- "Abu Dhabi’s ATIC Investing in Chip Plant, Sees Acquisitions", “Bloomberg”, May 18, 2011, accessed June 12, 2011.
- “A future built on silicon”, “Arab News”, accessed June 14, 2011.
- “ATIC to raise Globalfoundries stake”, “The National”, accessed June 14, 2011.
- "Advanced Technology Investment Company (ATIC) to become Mubadala Technology". www.mubadala.com. 2014-05-01. Retrieved 2020-11-20.
- "Abu Dhabi's Mubadala buys 2.6% of Russia's En+ group". Reuters. 2021-06-23. Retrieved 2021-09-15.