• Scale grows as AUM increase to AED 841 billion with addition of Abu Dhabi Investment Council into the Group
  • Wider global presence through new San Francisco and Moscow offices

ABU DHABI: Mubadala Investment Company of Abu Dhabi today released its full-year 2018 Annual Review [mubadala.com/annualreview] showcasing operational performance and significant scale across sectors with strong growth potential.

Despite global macroeconomic turbulence in the fourth quarter of the year, the group delivered stable financial results, with Total Comprehensive Income at AED 12.5 billion.

In line with Mubadala’s strategy to diversify its investment base, it monetized a number of its mature assets for a total of AED 55.4 billion, and it invested a total of AED 70.1 billion of additional and recycled capital across the Group’s existing investment sectors including technology, aerospace, commodities and financial services, as well as new sectors, including medtech, pharma and agribusiness.

Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak, said:

“Mubadala is operating as a global investor to drive financial returns and strategic value for Abu Dhabi, towards a vision of an internationally-connected and future-focused economic base. The addition of the Abu Dhabi Investment Council was a transformational step, strengthening our position as an international investor across different sectors. 

“Technological disruption is creating the potential for value across all sectors, which is an opportunity for us to deepen our position as a major global investor. We are also activating our investments and relationships to establish Abu Dhabi as the technology hub for the MENA region.

"Our talent, capital structure, global partnerships and strong track record are enabling us to deliver on our mandate as an organization entrusted with supporting Abu Dhabi’s economic progression.”

Chief Financial Officer, Carlos Obeid, said:

"The group's scale, diversification and stable cash flows delivered solid financial and operational performance in 2018, despite a year of challenging market conditions with volatile equities and uncertain yields.

"The addition of ADIC has diversified our exposure and strengthened our portfolio. While investing in new asset classes we remain focused on robust balance sheet management, maintaining a low leverage position and managing risk across the business.”

 Key financial and operational highlights from 2018 included:

  • Assets under Management (AUM) reached AED 841 billion (2017 AUM of AED 469 billion).
  • Total Comprehensive Income* (TCI) was AED 12.5 billion Full Year 2018 (AED 10.3 billion in 2017)*.

*AUM and TCI Increases include contributions from the  Abu Dhabi Investment Council

  • Monetization of mature assets: During the year, Mubadala realized AED 55.4 billion through monetization of assets locally and abroad.  
  • Deploying capital across new sectors and geographies: Mubadala deployed AED 70.1 billion across new and existing priority sectors. New sectors included specialty pharma, MedTech and agribusiness. The company continued to deploy capital worldwide, including the launch of co-investment with Taneo, Greece's New Economy Development Fund. New offices opened in Moscow and San Francisco, adding to the existing network of offices spanning Rio De Janeiro, and a joint venture office in Hong Kong.  Mubadala in early 2019 opened an office in New York City. This expansion underlines Mubadala’s willingness to invest and seek returns in a broad range of geographies and asset classes.
  • Building on momentum toward a leading technology and innovation investor: The company launched a new Ventures tech fund, targeting founder-led and high-growth tech companies in the United Kingdom and continental Europe.
  • Managing leverage: Mubadala reduced its corporate debt through a combination of repayments, new issuances and favorable foreign exchange movements.

*Attributable to the owner of the group

-ENDS-

About Mubadala Investment Company
Mubadala Investment Company actively manages a worldwide portfolio supporting the vision of a globally integrated and diversified economy, through sustainable returns to its shareholder, the Government of Abu Dhabi. In March 2018, Abu Dhabi Investment Council (ADIC) joined the Group.

Mubadala’s AED 841 billion (US $229 billion) portfolio spans five continents with interests in aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings. Mubadala now has offices in Rio de Janeiro, Hong Kong, Moscow, New York and San Francisco.

Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to ethics and world-class standards.

For more information about Mubadala, please visit: www.mubadala.com  

Media Enquiries
Rashed Alharmoodi, Head of External Corporate Relations
Mubadala Investment Company
M +971 55 7007431
D +971 2 413 1941
E ralharmoodi@mubadala.ae 

Arvin Rivera
Senior Account Executive
office: +971 4 455 3800 • mobile: +971 50 662 0301
Edelman #701, Level 7, One JLT Building, PO Box 49422, Dubai, UAE
www.edelman.com 

© Press Release 2019

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