2023 Mubadala Investments Outcomes: Strategic Development and Achievements

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, Head of the Presidential Cupboard, and Chairman of the Board of Administrators of Mubadala Investments, confirmed that the group’s priorities for the approaching a long time are based mostly on efficiency a Over the previous 12 months, Mubadala and its international companions have succeeded in reaching many achievements in key enterprise sectors in numerous elements of the world.

His Majesty mentioned in a message to the 2023 annual report of “Mubadala Funding”: “According to Mubadala’s mission to develop and strengthen a nationwide economic system based mostly on data and innovation, the corporate has been dedicated to extra has labored for 20 years to assist it. on the nationwide agenda, and has additionally performed an essential position within the growth journey of the United Arab Emirates and its impression on the worldwide economic system.

His Highness continued: “Inside the framework of this strategic path, Mubadala was eager in 2023 to proceed increasing its international investments in sectors that can form the long run, corresponding to synthetic intelligence , clear power, life sciences, personal credit score, and superior manufacturing By its funding in all these sectors, Mubadala has continued to consolidate the UAE’s aggressive benefits supporting its nationwide technique targeted on chains to create new international values ​​that can improve the nation’s presence and place as a hyperlink between the east and the west of the world and between the north and the south.”

His Highness emphasised that Mubadala’s funding in all these sectors stems from its dedication to partnership and a accountable funding method, which is per the UAE’s dedication to increasing horizons and areas of cooperation worldwide and selling international progress.

His Highness mentioned: “His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the State, could God shield him, and the founding president of Mubadala, performed an essential position in creating many alternatives for human assets at Mubadala by means of his excellent management of the nation. an organization at an essential stage of its progress, and in constructing sturdy relationships and established international partnerships.” His Highness Sheikh Mansour bin Zayed Al Nahyan mentioned: “Mubadala’s achievements contribute to reaching and selling the event paths anticipated in our nation. On this regard, I’m happy to specific my gratitude and appreciation to Khaldoon Khalifa Al Mubarak, the Mubadala group, and our international companions for his or her sturdy dedication to main Mubadala’s journey within the face of advanced international challenges.

His Highness mentioned: “I’m additionally happy to proceed, along with my brothers on the Board of Administrators, to guide the corporate at this essential stage, because the UAE strikes ahead on its journey famend, based mostly on their distinctive legacy and visionary imaginative and prescient. The late Sheikh Zayed bin Sultan Al Nahyan, could God have mercy on him.”

Outcomes 2023

Yesterday, Mubadala Funding Firm (Mubadala) introduced the group’s monetary outcomes for the 12 months 2023, and the corporate succeeded in strengthening its funding portfolio, as the worth of its belongings reached greater than 1.1 trillion dirhams, in comparison with greater than 1.01 trillion dirhams in 2022. modified to this point +9.45%.

According to its strategic method to investing in sectors targeted on innovation, Mubadala has invested AED 89 billion in key sectors that can form the long run, corresponding to synthetic intelligence, expertise, -digital infrastructure, life sciences and clear power, whereas strengthening its personal credit score enterprise. .

Regardless of the challenges seen within the markets, the corporate offered a number of of its shares, profiting from the obtainable alternatives, and acquired an earnings of 99 billion dirhams. Mubadala continued its international growth by making promising investments in North America, Asia and Europe in key areas for future progress.

The corporate continued its investments geared toward accelerating the tempo of financial transformation within the UAE, by means of innovation supported by synthetic intelligence in sectors corresponding to healthcare and area expertise, as they’re key sectors within the firm’s enterprise technique.

A robust efficiency

His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and CEO of the Group, mentioned: “It represents the imaginative and prescient of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the State, could God shield him, and his shut follow-up and steerage. of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State and Deputy Prime Minister, Chairman of the Workplace of the President, Chairman of the Board of Administrators of the Firm, the best encouragement for us to maneuver ahead in our journey and the upkeep . the group’s strategic progress path in the important thing enterprise sectors.”

He mentioned: “Mubadala achieved a robust efficiency in its funding portfolio in 2023, because it invests in key areas of progress and innovation in varied elements of the world in options that assist the event course of .” Human… On a world stage, we proceed to strengthen our presence and partnerships in key markets, and improve investments throughout a spread of sectors consistent with our imaginative and prescient and funding method.”

On the UAE stage, Mubadala established two new firms with (G42), a expertise firm based mostly in Abu Dhabi Space42, a frontrunner in area expertise, was established by means of the merger of Yahsat, which focuses on satellite tv for pc communications, and Bayanat, the primary group. an organization in geospatial information pushed by synthetic intelligence.

As a part of its strategic investments within the rising healthcare sector with (G42), Mubadala (M42) established an built-in healthcare firm powered by synthetic intelligence which is the primary of its sort.

As founding companions, Mubadala and G42 contributed to the institution of MGX in Abu Dhabi, a complete funding firm to speed up the event and adoption of synthetic intelligence and superior applied sciences. Mubadala invested in Aligned, one of many quickest rising information heart firms in America. Mubadala additionally introduced, by means of its subsidiary Mubadala Capital, that it meant to accumulate Fortress, a number one international funding administration firm, from the SoftBank Group. Mubadala accomplished the acquisition of a stake in (GlobalConnect), a number one supplier of knowledge communications and information heart providers by means of fiber optics, which supplies providers to firms, public establishments and customers within the north of the Europe.

Masdar, the main international clear power firm based by Mubadala in 2006, has accomplished the acquisition of a 50% stake within the Large Beau thermal power storage and battery platform in California from EDF Renewables North America .

GlobalFoundries, the mum or dad firm based by Mubadala in 2009, introduced the official opening of a $4 billion semiconductor manufacturing unit in Singapore. Mubadala additionally co-invested with KKR in CoolIT Programs, a number one provider of liquid cooling options for computing environments. Mubadala additionally invested in Osstem, a dental care firm in South Korea, final December, Mubadala Power Firm introduced the invention of one of many largest pure fuel fields in Indonesia, with a possible of 170 billion cubic meters.

Throughout the 12 months 2023, Mubadala expanded its investments within the subject of personal credit score alternatives, because it established, along with Aris, a joint challenge geared toward investing round one billion {dollars}, to learn from the anticipated progress and demand giant for liquidity options allotted to a secondary credit score asset class.

Mubadala, Ares and Aldar additionally accomplished a brand new strategic partnership to take a position $1 billion in personal actual property credit score in Europe, and Mubadala established a long-term partnership with Apollo to take a position with companions different in credit score alternatives value as much as 9 billion dirhams. , over the following 5 years.

Smart steerage

Carlos Obaid, the group’s chief monetary officer, mentioned: “International markets noticed a number of modifications in a number of enterprise sectors in 2023, as a consequence of rising rates of interest, inflation, geopolitical tensions, and disruptions within the provide chain It reached 10.3 % over 5 years.”

He mentioned: “Along with the expansion achieved within the worth of belongings, the 12 months 2023 noticed funding in ways in which mirror sensible administration, as we succeeded in attracting funding commitments of round 30 billion dirhams by means of varied devices strategically issued to refinance excellent debt​​​​​​​​​​​​ and assist Mubadala´s funding actions, in keeping with our growth plans, and inside the financing options that, final October we succeeded in issuing our first inexperienced bonds, after establishing the “Inexperienced Finance Framework” with the intention of contributing to the achievement of the local weather neutrality initiative for the UAE by the 12 months 2050, which was launched through the COP28 local weather convention actions, and we proceed to alternate conservation Our debt portfolio is in a comparatively steady place when it comes to rates of interest, with a ratio debt of 10.3% and a versatile monetary place that enables us to proceed our work at this stage.”

Mubadala had introduced its intention to start out publishing multi-year benchmark comparisons, as a substitute of different metrics corresponding to annual return, internet earnings, or whole gross earnings, which don’t apply extra to Mubadala as a long-term investor, and the corporate produces a number of. – 12 months benchmark marks, which is what he began doing from 2021.