Abu Dhabi Government Creates a $125 Billion Fund
The government of Abu Dhabi has combined two of its top investment funds and created a company with assets worth about $125 billion. The new fund, Mubadala Investment Co was formed by merging Mubadala Development Co and International Petroleum Investment Co which owns stakes in energy industry and other sectors across the world.
“The combined assets will now make it the world’s 14th largest sovereign fund according to data from the Sovereign Wealth Fund Institute.”
The combined assets will now make it the world’s 14th largest sovereign fund according to data from the Sovereign Wealth Fund Institute. The scale of the firm will now be able to improve its ability to raise money from international markets.
About Mubadala Development Co
In 2002, Mubadala – the Arabic word for ‘exchange’ – was established by the Government of Abu Dhabi as a principal agent in the diversification of Abu Dhabi’s economy. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, is Chairman of the Board of Directors. Mubadala was established to strengthen Abu Dhabi’s growth potential, and to help the government meet its socioeconomic targets. While our investments are designed to generate sustainable profits over the long-term, they also deliver strong social returns to Abu Dhabi and the United Arab Emirates. Focused on investment and development across multiple sectors, Mubadala’s portfolio is valued at more than US $63.5 billion. We are an active investor in sectors and geographies with long-term value propositions, working in partnership with world-class organizations to establish and manage joint ventures.
Visit: Mubadala Development Co
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency