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Mubadala Investment Company Board of Directors Endorses New Structure

16 Feb 2017

February 16, 2017: Abu Dhabi, UAE: Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, today announced that its Board of Directors – chaired by His Highness Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and its vice-chairman, His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister of Presidential Affairs - has endorsed the organizational structure of the new company and its senior management team. The decision was made at the Board meeting on February 15th chaired by His Highness Sheikh Mansour.

The company will be organized across four investment platforms of significant scale: Petroleum & Petrochemicals; Technology, Manufacturing & Mining; Aerospace, Information & Communications Technology, & Renewables; and Alternative Investments & Infrastructure.

The company’s four investment platforms will help accelerate diversification of the Abu Dhabi economy, through strategic investments across critical sectors within the United Arab Emirates and abroad. Details of the new organization can be found at www.mubadala.com and www.ipic.ae.

In terms of asset size, the platforms are: Petroleum & Petrochemicals (31.1 %), including significant investments in companies such as CEPSA, Nova Chemicals, Borealis and Mubadala Petroleum; Alternative Investments & Infrastructure (31%), with significant equity investments worldwide and in different sectors including health care and real estate; Technology, Manufacturing & Mining (21.6%), with significant investments in GLOBALFOUNDRIES, Emirates Global Aluminium, AMD, and Matsa; and Aerospace, ICT & Renewables (10.6%), with significant investments including Yahsat and Masdar. Corporate assets, including cash, will hold the balance (5.7%) of the approximately AED 460 billion ($125 billion) portfolio.*

Khaldoon Khalifa Al Mubarak, Managing Director and CEO of Mubadala Investment Company, said: “This marks an important milestone for the new company. Committees comprised of Mubadala and IPIC leaders, have worked very hard over the past six months to put in place a proposal for a structure that will best serve the new company’s mandate. The structure, governance and world-class talent will enable the Mubadala Investment Company to be an investment powerhouse for Abu Dhabi.”

Al Mubarak said he expected the Mubadala Investment Company to begin operations in May of 2017.

(* = book value and platform percentages based on International Financial Reporting Standards as of year-end Financial Year 2015)