Mubadala’s history is anchored on the vision and legacy of the late Sheikh Zayed bin Sultan Al Nahyan, who championed the establishment of a progressive governmental structure and channeled the UAE’s newfound oil resources - struck in the 1950s - towards the creation of critical infrastructure to support healthcare, manufacturing and education for generations to come.
Established in 1984, International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy. Both swiftly flourished into active worldwide investors across multiple sectors.
Mubadala Investment Company was created in 2017 through the merger of IPIC and Mubadala Development Company, resulting in the creation of a future-focused global investment company of significant scale and prominence for Abu Dhabi.
In 2018, the Abu Dhabi Investment Council became part of Mubadala, doubling the value of the group with its globally diversified portfolio. This move distinguishes Mubadala as the clear Number 2 Sovereign Wealth Fund in Abu Dhabi and third in the UAE.
Today, Mubadala Investment Company operates across a diverse portfolio spanning more than 50 countries globally, continuing the vision of our founding father.