AED 70 billion in new investments in 2018 across key sectors, predominantly technology
Scale grows as AUM increase to AED 841 billion with addition of Abu Dhabi Investment Council into the Group
Wider global presence through new San Francisco and Moscow offices
Abu Dhabi (UAE) - Mubadala Investment Company of Abu Dhabi today released its full-year 2018 Annual Review [mubadala.com/annualreview] showcasing operational performance and significant scale across sectors with strong growth potential. Despite global macroeconomic turbulence in the fourth quarter of the year, the group delivered stable financial results, with Total Comprehensive Income at AED 12.5 billion.
In line with Mubadala’s strategy to diversify its investment base, it monetized a number of its mature assets for a total of AED 55.4 billion, and it invested a total of AED 70.1 billion of additional and recycled capital across the Group’s existing investment sectors including technology, aerospace, commodities and financial services, as well as new sectors, including medtech, pharma and agribusiness.
Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak, 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.
"Our talent, capital structure, global partnerships and strong track record are enabling us to deliver on our mandate as an organization entrusted with supporting Abu Dhabi’s economic progression.”
Chief Financial Officer, Carlos Obeid, said:
"The group's scale, diversification and stable cash flows delivered solid financial and operational performance in 2018, despite a year of challenging market conditions with volatile equities and uncertain yields.
"The addition of ADIC has diversified our exposure and strengthened our portfolio. While investing in new asset classes we remain focused on robust balance sheet management, maintaining a low leverage position and managing risk across the business.”
Key financial and operational highlights from 2018 included:
*AUM and TCI Increases include contributions from the Abu Dhabi Investment Council
*Attributable to the owner of the group