Abu Dhabi Government Creates a $125 Billion Fund

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.”

~ Reuters

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.

Related Reports: Reuters, Wall Street Journal

 

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

 


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Abu Dhabi’s Sovereign Fund Posts $1.2 Billion Loss in First Half of Year

Abu Dhabi’s Sovereign Fund Posts $1.2 Billion Loss in First Half of Year

Mubadala Development Co, the Abu Dhabi sovereign fund merging with International Petroleum Investment Co posted a $1.2 billion loss in the first half due to lower commodities prices and smaller gains from financial investments. The loss is similar to slump at IPIC, which in June said that it had a loss of $2.7 billion last year and that its assets had dropped to $58 billion from $66 billion in 2014.

“Mubadala Development Co, the Abu Dhabi sovereign fund merging with International Petroleum Investment Co posted a $1.2 billion loss in the first half.”

~ Bloomberg

Abu Dhabi is merging two of its largest sovereign funds to create an entity with assets of about $125 billion and debt of about $42 billion. The combination of Mubadala and IPIC will form an asset pool more than twice the size of Russia’s Reserve Fund.

Related Reports: Bloomberg

 

About Mubadala Development Co.

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 press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency