Our Leadership
His Highness
Sheikh Mohamed bin Zayed Al Nahyan
Looking To The Next 50
The importance of Sheikh Zayed’s founding vision for the United Arab Emirates as a nation open to all to learn, contribute, and prosper could not be more evident as we map our progress and place in a world undergoing profound transformations.
Today, under the leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, this vision continues to shape the forward-looking economic base and global partnerships that have made the United Arab Emirates a force for progress and prosperity.
Mubadala was established as a critical institution to help realize this national potential, and we are deeply proud that our investments have touched nearly every aspect of the national economic and social fabric, thereby creating the dynamic platforms for people to thrive.
A powerful measure of Mubadala’s impact is the fact that its activities directly or indirectly enable our citizens, and the 200 nationalities who have made the Emirates home, to contribute to our society, and global progress in roles such as researchers, astronauts, artists, educators, doctors, engineers, technologists, clean energy experts, and start-up entrepreneurs.
Our progress to date means we are now beginning a new chapter as a nation. Mubadala is now calibrated to the Country’s long-term potential, focusing on the sectors that will further enhance our knowledge-based economy, empower global progress and pioneer solutions to critical global challenges such as health innovation and the climate emergency.
The company’s achievements in 2021 demonstrated the impact responsible investors can and must have in driving progress at home and globally.
They also make me deeply grateful for the steadfast commitment of Mubadala’s talented people and dedicated partners in our country, region, and beyond.
His Highness
Sheikh Mansour bin Zayed Al Nahyan
A Future-Focused Economic Base
2021 was a landmark year for Mubadala. It effectively completed its strategic shift to Mubadala 3.0 while creating value and demonstrating resilience in an increasingly complex and uncertain investment climate.
Notable achievements across the energy portfolio, artificial intelligence, life sciences, healthcare, communications, and advanced manufacturing show Mubadala is effectively operating at the leading edge of sectors foundational to global progress and to our nation’s economic and social fabric.
As Mubadala’s shareholder, the Government of Abu Dhabi believes global investors have a critical role in enabling decarbonization across industries and ensuring global energy security while navigating the energy transition.
This imperative is reflected in the actions of Mubadala and its partners. As a Board of Directors, we believe this is a critical responsibility and opportunity for the company as the UAE tracks towards Net Zero by 2050.
2021’s performance was an impressive way to bring to a close Mubadala’s first two decades. The human impact of those twenty years can be seen in the many professionals who began and developed their careers with Mubadala and who are now leading across government and industry in the UAE and as investment professionals globally.
As we look to the future, we can be confident that Mubadala has the values, leadership, and partners to set global benchmarks for how responsible investors can drive progress and create shared value.
Khaldoon Khalifa Al Mubarak
Delivering A Positive Impact
2021 was Mubadala’s strongest financial year in its 20-year history and its sixth year of consecutive growth in total comprehensive income.
With our Assets Under Management topping AED 1 trillion for the first time, we continued our strategic shift toward sectors with significant long-term growth potential.
Group-wide, we are focussed on responsible investment and partnerships across industries and technologies positively transforming the world around us.
We deployed AED 125bn across multiple sectors during the year, including advanced manufacturing, technology, life sciences and mobility, while realizing the value of our early commitment to transformational industries, such as semiconductor manufacturing and the energy transition.
A milestone achievement for the year was the listing of GlobalFoundries on the NASDAQ. As Mubadala’s single most significant investment, GlobalFoundries speaks to our steadfast, long-term commitment to technology, which is vital to human progress.
In the UAE, Yahsat was successfully listed on the Abu Dhabi Securities Exchange, helping to bolster the emirate as a global capital marketplace and hub for satellite communications technology.
We accelerated our long-term focus on clean energy during the year as part of our response to the climate emergency, helping Abu Dhabi’s economy decarbonize and in doing so delivering on the UAE’s commitment to Net Zero by 2050.
Under this imperative, we are committed to carefully managing the energy transition through investing and partnering in new technologies.
In addition to welcoming ADNOC and TAQA as Masdar shareholders in order to create a global clean energy champion for Abu Dhabi, we formed the Abu Dhabi Hydrogen Alliance to establish a long-term position in developing low-carbon green and blue hydrogen.
Mubadala Capital began operations as a wholly owned subsidiary with $13.7 billion in assets under management, including managing third-party capital. Mubadala Health launched as an integrated healthcare network to serve patients seeking specialized care.
Both of these portfolio evolutions speak to our track record of incubating world-class businesses and to our continued commitment to unlock new opportunities for the UAE.
With the complex outlook for 2022 and beyond, we are focussed on creating further value in areas of opportunity and staying aligned to our long-term mission to deliver returns in sectors that represent progress for the UAE and every nation we invest in.
On behalf of the company, I thank the Board of Directors for their ongoing support and guidance as we accelerate our proven strategies. I offer my deep gratitude to colleagues and partners worldwide who continuously enable us to deliver for the future.
Board of Directors
The Board of Directors is responsible for Mubadala’s strategic direction, oversight and corporate governance, ensuring the business delivers on the Government of Abu Dhabi’s investment and diversification priorities.
As a global and responsible investor, Mubadala is at the forefront of Abu Dhabi’s efforts to drive sustainable economic growth by investing across multiple asset classes, sectors and geographies with a particular interest in industries that are changing the world.
Mubadala benefits from the long-term support of its sole shareholder, the Government of Abu Dhabi, as we work to achieve our commercial goals while operating with the highest levels of integrity.
Investment Committee
With a strong investment focus, Mubadala’s new governance structure will pave the way for significant growth in the portfolio for the future. The organization has been designed to match the company’s ambition to double its portfolio over the next decade.
Mubadala’s Investment Committee is responsible for developing and monitoring the organization’s investment strategy and for the overall company performance. The Committee convened 50 times in 2021 to discuss 94 items and addressed a further 36 items by circulation.
Mubadala’s investment & Business Planning Committee is responsible for reviewing the individual business plans of each investment platform and submitting them for endorsement from Mubadala’s Investment Committee. It monitors and tracks individual platform’s progress against their business plans.
Mubadala’s Management Committee is responsible for reviewing and approving corporate matters such as corporate policies and procedures, strategic human capital issues, employee engagement, communication and branding.
