On 29 June 2016, His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, issued a resolution to initiate the merger of Mubadala and International Petroleum Investment Company (“IPIC”). The resolution announced the creation of a joint steering committee to oversee the merger of the two companies. Mubadala and IPIC will continue to operate independently until a final decision from the Government of Abu Dhabi is made, based on the recommendation of the joint steering committee on the effective date of the merger.  

Merging Mubadala and IPIC is the right decision for Abu Dhabi. It brings together two of the emirate’s most significant investment companies into one global investment powerhouse. The scale, balanced portfolio and expertise of the combined entity will bring commercial opportunities across more strategic sectors all over the world, underpinning the emirate’s long-term economic diversification.

Through a joint committee, Mubadala and IPIC are working as equals on the merger process. Further updates will be available in the coming months while both entities continue to operate in a separate, “business as usual” manner with our partners, assets and other stakeholders until the merger is complete.

 

Key Highlights

  • Combined total assets

    Combined total assets

  • One of the largest state-owned investment funds globally

    One of the largest state-owned investment funds globally

  • Partnerships and businesses in 30+ countries

    Partnerships and businesses in 30+ countries

  • Accelerating Abu Dhabi’s economic diversification

    Accelerating Abu Dhabi’s economic diversification

About Mubadala

About Mubadala

Established and owned by the Government of Abu Dhabi, Mubadala’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi’s economy and create opportunities for current and future generations in the United Arab Emirates.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities and defense services. 

For more information about Mubadala, please visit www.mubadala.com 

 

About IPIC

About IPIC

IPIC is the International Petroleum Investment Company, formed by the Abu Dhabi government in 1984 to invest in the energy and related sectors across the globe. Today it manages a portfolio of investments in more than 18 leading companies across the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, power and utilities as well as industrial services.

The company was created by The Late HH Sheikh Zayed Bin Sultan Al-Nahyan, founder and first President of the United Arab Emirates, to advance his vision of using Abu Dhabi’s natural petroleum wealth to build a modern, diversified economy for the benefit of future generations.

For more information about IPIC please visit www.ipic.ae 

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