Mubadala Investment Company reports AED1.1 Trillion+ Portfolio Growth in 2023

Mubadala Investment Company has unveiled its 2023 financial results, demonstrating robust growth despite global challenges. In a year marked by persistent inflation and supply chain disruptions, Mubadala's assets under management (AUM) surged past AED1.1 trillion.

Focusing on innovation-centric sectors, Mubadala allocated AED89 billion into various industries shaping the future, including AI, technology, digital infrastructure, life sciences, and clean energy. The company capitalized on market opportunities, generating AED99 billion in total proceeds through strategic monetization efforts.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO at Mubadala, highlighted the company's strong performance and global investments. Mubadala expanded its footprint in North America, Asia, and Europe, strategically investing in sectors vital to regional growth.

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The conglomerate made significant investments in key sectors worldwide. In North America, Mubadala invested in Aligned, a leading data center provider, and acquired Fortress, a prominent investment manager. In Europe, it completed the acquisition of GlobalConnect, a major data communication and data center services provider.

In Asia, Mubadala's investments included GlobalFoundries, a semiconductor fabrication plant in Singapore, and CoolIT Systems, a provider of liquid cooling solutions. Additionally, it made substantial natural gas discoveries in Indonesia.

In the UAE, Mubadala bolstered its presence in the healthcare and technology sectors. It formed Space42, a space and satellite technology company, and M42, an integrated healthcare company. These initiatives, alongside investments in AI and advanced technologies, underscore Mubadala's commitment to fostering innovation.

Mubadala also expanded its private credit business, forming strategic partnerships to capitalize on growth opportunities in credit secondaries and real estate credit.

Carlos Obeid, Group Chief Financial Officer at Mubadala, highlighted the company's prudent debt management and successful execution of funding commitments. Despite global market turbulence, Mubadala achieved a five-year rate of return of 10.3%, reflecting its resilience and strategic investment approach.

Key financial highlights include a five-year cumulative rate of return of 10.3%, AED89 billion capital deployment, and AED99 billion in total proceeds. Assets under management grew to AED1.1 trillion, with a gearing ratio of 10.3% and a strong liquidity position.

Mubadala's long-term investment strategy and responsible investing agenda position it as a leading global investor, driving sustainable growth and innovation across key industries.