Abu Dhabi-based Mubadala Investment Company on Monday announced that its assets under management (AUM) stood at AED 841 billion in 2018, compared to AED 469 billion in 2017.
Total comprehensive income (TCI) reached AED 12.5 billion last year, versus AED 10.3 billion in 2017, according to the company’s annual review for full-year 2018.
In 2018, Mubadala has monetised matured assets worth AED 55.4 billion locally and abroad, the report added.
Mubadala has invested AED 70.1 billion across existing sectors including technology, aerospace, commodities, and financial services, and new sectors including medtech, pharma, and agribusiness.
Moreover, the company has deployed capital by launching co-investment with Taneo, Greece’s New Economy Development Fund.
The company has also opened new offices in Moscow and San Francisco in 2018.
Khaldoon Khalifa Al Mubarak, CEO and managing director of Mubadala, 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,” he added.
It is worth noting that Mubadala has opened an office in New York City in early 2019.