Mubadala Development Company
Country: United Arab Emirates - Abu Dhabi
Established: 2002
US$ Billion: 10
Origin: Oil
Transparency Rating: 6
Summary:
Established in October 2002 as a Public Joint Stock Company is a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi, in the United Arab Emirates. This wealth fund has the structure of a corporation. They have a tendency to invest in high technology and aerospace firms. The firm has also invested in oil fields, real estate partnerships, and hospitals.
Major Direct Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Spyker Cars |
Netherlands |
Consumer Goods |
22.8% |
|
| Guinea Alumina Corporation |
Guinea |
Industrials |
8.33% |
|
| Advanced Micro Devices |
United States |
Technology |
8.1% |
|
| Ferrari |
Italy |
|
5.0% |
|
|
Major Direct Foreign Investments (Private)
| Company |
Country |
Type |
% Ownership |
Comments |
| Pearl Energy Ltd. |
Singapore |
Buyout |
100% |
|
| John Buck International |
United States |
Joint Venture |
51% |
Real Estate |
| SR Technics |
Switzerland |
Private Stock |
40% |
|
| Piaggio Aero Industries |
Italy |
Private Stock |
35% |
|
| LeasePlan Corporation |
Netherlands |
Joint Venture |
25% |
|
| Carlyle Group |
United States |
Private Equity Fund |
7.5% |
|
|
News and Updates
7/8/2008
Mubadala, Waha Capital and Fullerton Financial Holdings create a new finance company in UAE
According to AME info, “Dunia Finance LLC (Dunia) will have a nationwide presence across the UAE and will focus on the retail and small business segments in the UAE to provide a range of loans, credit cards and financial planning services, as well as deposits for non-individual customers.
The company will deploy a unique customer-centric approach, enabled through investment in state-of-the-art technology and capabilities, and partnerships with service providers who excel in their individual areas of expertise. Dunia will be led by a senior management team comprising talented and seasoned business leaders with a wealth of global experience.”
read more: AME info
5/28/2008
Indra signs preliminary joint venture deal with Abu Dhabi's investment vehicle
Indra Sistemas SA. said it has signed a preliminary agreement with Abu Dhabi's state-owned investment vehicle, the Mubadala Development Company, to develop joint ventures for technology projects and products.
read more: Hemscott
4/10/2008
Abu Dhabi firm buys into Shell's Algerian operations
According to Reuters, " Abu Dhabi's state investment arm Mubadala said on Tuesday its energy unit has bought 20 percent of Royal Dutch Shell's stake in production and exploration projects in Algeria.
"Liwa Energy ... bought a 20 percent stake in the projects carried out by Shell's exploration and production in Algeria," Mubadala said in a statement, without giving the value of the deal."
read more: Reuters
3/30/08
Mubadala in discussion to buy stake in US realty firm
"We are in discussions to buy a stake in The John Buck Company," Carlos Obeid, chief financial officer (CFO) of Mubadala, told a news conference in Abu Dhabi on Sunday, without giving further details. Mubadala said in a statement it had set up a new real estate company with Chicago-based The John Buck Company to develop projects in Abu Dhabi and the Middle East.
read more: Arabian Business
2/20/2008
P180 Avanti II Displayed at Singapore Airshow
As an Affiliate of Mubadala Development Company, Piaggio Aero will display its P180 Avanti II at the First edition Singapore Airshow. The Airshow is being held from 18 through 24 of February 2008.
2/9/2008
ADIC and UBS Asset Management Launch Investment Fund
ADIC is forming a 50:50 joint venture with UBS to develop, promote and manage infrastructure investment funds focused on the Middle East and North Africa region. The fund size will be around $500 million.
Location
12th Floor, ADNIC Building
Khalifa Street
Abu Dhabi, UAE
Website
Mubadala Development Company
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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Last updated June 4 2008
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