Mubadala - Key Facts and Figures
Who are we?
- Established in October 2002 as a Public Joint Stock Company.
- A strategic investment and development company whose sole shareholder is the Government of Abu Dhabi
- Dynamic and fast growing organization - from 50 to nearly 600 employees since 2002
- Engaged in mutually beneficial, respectful partnerships with industry leaders across the world
- Both a driver and a reflection of Abu Dhabi’s development
Who’s Who?
Board of Directors:
- Chairman: Hi Highness Sheikh Mohamed bin Zayed Al Nahyan
- Vice Chairman: Mohammed Ahmed Al Bowardi
- Hamad Al Hurr Al Suwaidi
- Nasser Ahmed Khalifa Alsowaidi
- Ahmed Ali Al Sayegh
- Mohamed Saif Al Mazrouei
- Khladoon Khalifa Al Mubarak
Senior Executive Management:
- CEO and Managing Director : Khaldoon Khalifa Al Mubarak
- Chief Operating Officer: Waleed Ahmed Al Mokarrab Al Muhairi
- Chief Financial Officer: Carlos Obeid
- Chief Legal Counsel: Samer Halawa
- Chief Information Officer: Ajit Naidu
- Executive Director, Portfolio Management and Strategic Planning: Alexej Ogorek
- Executive Director, Project & Corporate Finance: Derek Rozycki
- Executive Director, Acquisitions: Hani Barhoush
- Associate Director, Aerospace: Homaid Al Shemmari
- Executive Director, Information & Communication Technology: Jassem Mohamed Al Zaabi
- Head of Internal Audit: Joe Ioculano
- Executive Director, Real Estate & Hospitality: John Thomas
- Executive Director, Communications: Kate Triggs
- Executive Director, Services Ventures: Laurent Depolla
- Executive Director, Healthcare: Mark Erhart
- Executive Director, Group Treasury: Matthew Hurn
- Executive Director, Energy & Industry; Chief Executive Officer, Oil & Gas: Maurizio La Noce
- Chief Executive Officer, Infrastructure: Rod Mathers
Our Unique Mandate
- The Government of Abu Dhabi is implementing a long-term economic diversification strategy aimed at creating a modern, dynamic, productive economy
- The government’s priorities include:
- New healthcare services and facilities
- Improving local educational outcomes
- Developing infrastructure
- Finding solutions for environmental sustainability
- Transforming the public sector to improve the quality and delivery of services to the community
- Mubadala plays an integral role in Abu Dhabi’s economic vision. Our mandate is to identify and invest in long term projects with strong financial AND social returns, contributing to the diversification of Abu Dhabi’s economy.
Our Strategy
It is our ethos that makes us different from other investment companies; we call it the double bottom line - pursuing opportunities with the potential to deliver strong social returns for Abu Dhabi as well as commercial profit.
We concentrate on large-scale capital intensive projects, investing in the infrastructure to support them as we seek to create new clusters of expertise and even whole new industries across the Emirate.
By collaborating with world class industry leaders, we are harnessing the knowledge to create sustainable industries, and helping to create the necessary social infrastructure to support the new communities that these industries are founding.
With better education and training facilities and the creation of knowledge-based industries, come high value employment opportunities - all of which help to shape the future of the Emirate.
Our investment ethos: instilling commercial discipline
Government Contributions
- Mubadala submits a business plan to the Government for the next fiscal year and gets allocated contributions based on the approved Mubadala budget.
- Mubadala receives cash in the form of equity contributions or non-interest bearing, non-repayable loans
Debt Capital Markets
- Mubadala issued its inaugural Global Medium Term Note programme in April 2009, raising a total of US$1.85 billion in the debt capital markets.
- The GMTN program instilled commercial discipline into the business, allowing Mubadala to establish a direct relationship with capital markets investors.
- Mubadala has credit ratings of Aa2/AA/AA in line with the Government of Abu Dhabi
- In 2009 Mubadala produced its first annual report, published its first set of interim results and held its first investor results call.
Multiple business units: one common set of operating principles
- Mubadala comprises 9 separate business units with their own specialist areas of focus:
- Oil & Gas
- Energy & Industry
- Aerospace
- Information & Communication Technology
- Services Venture
- Real Estate & Hospitality
- Infrastructure
- Healthcare
- Acquisitions
- Our divisions do not operate in isolation from each other and all follow certain common principles. When pursuing investment opportunities, each unit will consider how they can:
- Establish new clusters of industry
- Engage in mutually beneficial partnerships with global industry leaders
- Harness international expertise for the long-term benefit of Abu Dhabi to create new education, training and high-value job opportunities.
- Be an involved investor, actively managing the projects