Misplaced Pages

Mubadala Investment Company: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 17:11, 27 February 2022 editNswix (talk | contribs)Extended confirmed users17,693 edits →top: added additional holdingsTags: Mobile edit Mobile app edit Android app edit← Previous edit Revision as of 17:28, 27 February 2022 edit undoNswix (talk | contribs)Extended confirmed users17,693 edits →top: updated linkTags: Mobile edit Mobile app edit Android app editNext edit →
Line 39: Line 39:
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 ], in the ].<ref>{{cite web|url=http://mubadala.ae/about/history/ |title=The Mubadala Story &#124; Mubadala Development Company &#124; Abu Dhabi, United Arab Emirates |publisher=Mubadala.ae |access-date=2012-08-13}}</ref><ref>{{cite web|url=http://www.mubadala.com/en/who-we-are/senior-executive-management/ |title=Senior Executive Management |publisher=Mubadala |access-date=2014-06-05}}</ref><ref>{{cite web|url=http://www.arabaviation.com/ |title=Aviation News &#124; Airline Profiles &#124; Jobs & Aircraft Listings |publisher=Arabaviation.com |access-date=2014-06-05}}</ref> Reportedly, Mubadala Investment was formed after ], ex-managing director of IPIC, was arrested over his and the company’s involvement in the ].<ref>{{cite news|url=https://www.wsj.com/articles/alleged-1mdb-conspirator-says-he-is-a-scapegoat-for-emiratis-11548239402|title=Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis|access-date=23 January 2019|newspaper=The Wall Street Journal|date=23 January 2019}}</ref> 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 ], in the ].<ref>{{cite web|url=http://mubadala.ae/about/history/ |title=The Mubadala Story &#124; Mubadala Development Company &#124; Abu Dhabi, United Arab Emirates |publisher=Mubadala.ae |access-date=2012-08-13}}</ref><ref>{{cite web|url=http://www.mubadala.com/en/who-we-are/senior-executive-management/ |title=Senior Executive Management |publisher=Mubadala |access-date=2014-06-05}}</ref><ref>{{cite web|url=http://www.arabaviation.com/ |title=Aviation News &#124; Airline Profiles &#124; Jobs & Aircraft Listings |publisher=Arabaviation.com |access-date=2014-06-05}}</ref> Reportedly, Mubadala Investment was formed after ], ex-managing director of IPIC, was arrested over his and the company’s involvement in the ].<ref>{{cite news|url=https://www.wsj.com/articles/alleged-1mdb-conspirator-says-he-is-a-scapegoat-for-emiratis-11548239402|title=Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis|access-date=23 January 2019|newspaper=The Wall Street Journal|date=23 January 2019}}</ref>


The company owns stakes in numerous companies, including a 5 percent share in ],<ref name="ArabianBusiness2">{{cite web|url=http://www.arabianbusiness.com/mubadala-boss-poised-take-helm-at-man-city-43042.html|title=Mubadala boss poised to take helm at Man City|first=Anil|last=Bhoyrul|work=]|date=18 September 2008|access-date=13 October 2010}}</ref> an 8.1 percent share in ],<ref name="ArabianBusiness2" /> and a 7.5 percent share in the ].<ref>{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2008/02/14/AR2008021403573.html|last=Heath|first=Thomas|title=Pair of Proposals Take Aim at Carlyle Group|newspaper=]|date=15 February 2008|access-date=22 September 2008}}</ref><ref>{{cite web|url=http://www.ge.com/news/partnership.html|title=GE & Mubadala Partnership|publisher=]|access-date=16 February 2009|url-status=dead|archive-url=https://web.archive.org/web/20090315080549/http://www.ge.com/news/partnership.html|archive-date=15 March 2009}}</ref> The company owns stakes in numerous companies, including a 5 percent share in ],<ref name="ArabianBusiness2">{{cite web|url=http://www.arabianbusiness.com/mubadala-boss-poised-take-helm-at-man-city-43042.html|title=Mubadala boss poised to take helm at Man City|first=Anil|last=Bhoyrul|work=]|date=18 September 2008|access-date=13 October 2010}}</ref> a 6.9 percent share in ],<ref>{{https://www.thenationalnews.com/business/mubadala-sells-amd-shares-for-800-million-and-converts-warrants-to-retain-6-9-stake-1.822128|date=5 February 2019|access-date=27 February 2022}}</ref> and a 7.5 percent share in the ].<ref>{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2008/02/14/AR2008021403573.html|last=Heath|first=Thomas|title=Pair of Proposals Take Aim at Carlyle Group|newspaper=]|date=15 February 2008|access-date=22 September 2008}}</ref><ref>{{cite web|url=http://www.ge.com/news/partnership.html|title=GE & Mubadala Partnership|publisher=]|access-date=16 February 2009|url-status=dead|archive-url=https://web.archive.org/web/20090315080549/http://www.ge.com/news/partnership.html|archive-date=15 March 2009}}</ref>


==History== ==History==

Revision as of 17:28, 27 February 2022

United Arab Emirates sovereign wealth fund
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
This article's factual accuracy may be compromised due to out-of-date information. Please help update this article to reflect recent events or newly available information. (July 2018)
This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources.
Find sources: "Mubadala Investment Company" – news · newspapers · books · scholar · JSTOR (August 2012) (Learn how and when to remove this message)
(Learn how and when to remove this message)
Mubadala Investment Company
شركة مبادلة للاستثمار
Company typeJoint stock company (Government owned)
IndustryDiversified investments
FoundedJanuary 2017
HeadquartersAbu Dhabi, United Arab Emirates
Key peopleSheikh Mohammed bin Zayed Al Nahyan, Chairman
Khaldoon Khalifa Al Mubarak, CEO and Managing Director
RevenueIncrease AED 165.6 billion (2017)
Operating incomeIncrease AED 10.7 billion (2017)
Total assetsIncrease AED 369.4 billion (2017))
Total equityIncrease AED 258 billion (2017)
Number of employees55000
ParentEmirate of Abu Dhabi
SubsidiariesPiaggio Aerospace
Mamoura Diversified Global Holding
IPIC
Group 42 (Emirati company)
Dolphin Energy
Nova Chemicals
GlobalFoundries
OMV
Oil Search
MetrôRio
Websitewww.mubadala.com

Mubadala Investment Company PJSC (Template:Lang-ar) (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.

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. 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.

The company owns stakes in numerous companies, including a 5 percent share in Ferrari, a 6.9 percent share in AMD, and a 7.5 percent share in the Carlyle Group.

History

In June 2016, it was announced that Mubadala Development Company (MDC) would merge with IPIC. In 2017, ownership of both MDC and IPIC was transferred to a newly-created parent company, Mubadala Investment Company.

Mubadala has a ventures unit called Mubadala Ventures. Mubadala has invested in logistics software startup 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.

Mubadala Technology
Founded2014 (2014)
SuccessorAdvanced Technology Investment Company (ATIC)
HeadquartersAbu Dhabi, UAE
Key peopleIbrahim Ajami (CEO)
ParentMubadala Investment Company

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-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.

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. In the same year, Mubadala purchased MetrôRio, the company that holds the operations for the Rio de Janeiro metro, from Invepar.

References

  1. ^ "Mubadala Investment Company Announces Full Year 2017 Financial and Operational Highlights". Mubadala Investment Company. April 29, 2018.
  2. 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.
  3. "The Mubadala Story | Mubadala Development Company | Abu Dhabi, United Arab Emirates". Mubadala.ae. Retrieved 2012-08-13.
  4. "Senior Executive Management". Mubadala. Retrieved 2014-06-05.
  5. "Aviation News | Airline Profiles | Jobs & Aircraft Listings". Arabaviation.com. Retrieved 2014-06-05.
  6. "Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis". The Wall Street Journal. 23 January 2019. Retrieved 23 January 2019.
  7. Bhoyrul, Anil (18 September 2008). "Mubadala boss poised to take helm at Man City". Arabian Business. Retrieved 13 October 2010.
  8. Template:Https://www.thenationalnews.com/business/mubadala-sells-amd-shares-for-800-million-and-converts-warrants-to-retain-6-9-stake-1.822128
  9. Heath, Thomas (15 February 2008). "Pair of Proposals Take Aim at Carlyle Group". Washington Post. Retrieved 22 September 2008.
  10. "GE & Mubadala Partnership". General Electric. Archived from the original on 15 March 2009. Retrieved 16 February 2009.
  11. "Fast FT". Financial Times. 29 June 2016. Retrieved 7 July 2016.
  12. 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.
  13. Kerr, Simeon (29 June 2016). "Abu Dhabi to merge sovereign wealth funds Ipic and Mubadala". Financial Times. Retrieved 7 July 2016.
  14. "Mubadala and IPIC Officially Merge". Sovereign Wealth Fund Institute. January 22, 2017.{{cite web}}: CS1 maint: url-status (link)
  15. "Mubadala and Arbor Ventures Lead Series A in Tabby". www.swfinstitute.org. 2020-12-09. Retrieved 2020-12-10.
  16. Phillips, Erica E. "Abu Dhabi State Fund Leads $60 Million Funding in Logistics Software Startup". WSJ. Retrieved 2018-11-09.
  17. "Mubadala invests in autonomous, self-driving technology company Waymo". www.institutionalassetmanager.co.uk. 2020-03-03. Retrieved 2020-03-05.
  18. "Investors Flock to Pick Up Stake in Ambani's Jio Platforms | TopNews". topnews.in. Retrieved 2020-06-07.
  19. "Mubadala, other investors acquire majority stake in UK life sciences company Envision".
  20. Natasha Lomas (23 March 2021). "Telegram raises $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds". TechCrunch. Retrieved 23 March 2021.
  21. ^ "The National", accessed October 28, 2013.
  22. "About Us", ATIC, accessed June 12, 2011.
  23. “Press Release”, ATIC, accessed June 14, 2011.
  24. “Abu Dhabi to take on Taiwan’s Chipmakers”, Financial Times, accessed June 14, 2011.
  25. “Green chip start-up gets $48 million in funding”, CNET, accessed June 14, 2011.
  26. "Abu Dhabi’s ATIC Investing in Chip Plant, Sees Acquisitions", “Bloomberg”, May 18, 2011, accessed June 12, 2011.
  27. “A future built on silicon”, “Arab News”, accessed June 14, 2011.
  28. “ATIC to raise Globalfoundries stake”, “The National”, accessed June 14, 2011.
  29. "Advanced Technology Investment Company (ATIC) to become Mubadala Technology". www.mubadala.com. 2014-05-01. Retrieved 2020-11-20.
  30. "Abu Dhabi's Mubadala buys 2.6% of Russia's En+ group". Reuters. 2021-06-23. Retrieved 2021-09-15.

External links

Categories: