Mubadala Restructured

Mubadala Investment Company – the new entity created last June from the merger of two Abu Dhabi energy investment companies Mubadala Development Company and the IPIC ( MEES, 8 July 2016 ) – has outlined its new organizational structure of four investment platforms.

The new company, wholly-owned by the Abu Dhabi government, was set up on 21 January to formalize the merger of the emirate’s top two energy investment firms. The company’s board, chaired by Abu Dhabi’s Crown Prince Shaikh Muhammad bin Zayid Al Nahyan, approved the organizational structure on 15 February.

The company’s portfolio of corporate assets was worth approximately Dh460bn ($125bn) as at end-2015, according to a press release issued after the meeting. This is slightly less than the $135bn value for the assets of the combined entity reported last July. The Sovereign Wealth Fund Institute (SWFI) ranks Mubadala Investment Company as the 14th largest fund globally. Other sovereign wealth funds in the emirate are the Abu Dhabi Investment Authority (ADIA) with assets of $792bn, and the Abu Dhabi Investment Council (ADIC) with assets of $110mn, according to SWFI’s December 2016 ranking. (CONTINUED - 349 WORDS)