mubadala development company pjsc ( mubadala ) is a state-owned holding company that can be characterized as a national wealth fund .

it was established in october 2002 as a public joint stock company and is a wholly owned investment vehicle of the government of abu dhabi , in the united arab emirates .

mubadala ’s mandate is to facilitate the diversification of abu dhabi ’s economy .

its focus is on managing long-term , capital-intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate .

mubadala development company

abu dhabi –mubadala development company ( mubadala ) today announced that the advanced technology investment company ( atic ) has become a wholly owned business of mubadala .
mubadala development company ( mubadala ) , the abu dhabi - based investment and development company , today announced the advanced technology investment company ( atic ) – the entity it established in 2008 – will become mubadala technology .
2006 copilots in success piaggio aero celebrates a strategic new partnership with mubadala development company .
abu dhabi ( uae ) - mubadala development company ( mubadala ) , the abu dhabi - based investment and development company , today published its full year 2016 audited financial results , and operational highlights from the period . the results reflect the last operational year for mubadala development company before it evolves , in may 2017 , into mubadala investment company .
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mubadala investment company was recently formed by the merger of mubadala development company and international petroleum investment company ( ipic ) . khaldoon khalifa al mubarak is the new managing director and ceo of the newly created company , as announced earlier .
as the head of social development and sponsorship at mubadala development company , amina taher is responsible for the organization’s community outreach , youth empowerment initiatives and sponsorship portfolio .
khaled is the executive director of human capital at mubadala development company , with responsibility for performance management , learning and development , employee career growth , talent acquisition and emiratization .
the merged companies – mubadala development company and international petroleum investment company – will form a new entity known as mubadala investment company , which will have assets totalling $ 125 billion , based on valuations made at the end of 2015 .
hamed alharthi is a senior officer , group communications , at mubadala development company and a tv presenter at dubai media incorporated .
nizar luqman is a senior advisor for uae nationals development at mubadala with oversight of the company’s emiratization strategy and implementation criteria .
mubadala development company established its gmtn program in 2009 , through mdc - gmtn b . v . , as part of its commitment to diversify the group’s funding sources . mdc - gmtn b . v . is wholly owned and irrevocably guaranteed by mubadala development company .
as part of its ongoing effort to diversify sources of funding , mubadala development company established its euro commercial paper ( ecp ) program .
abu dhabi : the merger of mubadala development company and international petroleum company ( ipic ) is set to be concluded in “a matter of weeks , ” mubadala ceo khaldoon al mubarak said on thursday in abu dhabi .
mubadala investment company , the sprawling strategic development company created by the merger of mubadala development and international petroleum investment compay ( ipic ) , will take the next step in its integration path when it announces , as early as today , the top executive layer below its board .
mubadala is a dynamic and innovative company helping shape the future of abu dhabi .
strata is one of mubadala investment company’s industrial assets in the uae . courtesy strata
the company said that the new company organisation formally takes effect in may this year .
mubadala investment company has set out its new corporate divisions and its leaders as part of the us $ 122 billion merger of mubadala development and the international petroleum investment company ( ipic ) , which was announced last summer .
both mubadala development company and ipic are committed to providing stakeholders with detailed financial information at both the full and half - year stage . mubadala development company first published annual and semi - annual consolidated financial statements in 2009 , while ipic first published its consolidated financial statements in 2007 .
the merger of mubadala development company with the international petroleum investment company ( ipic ) is proceeding to schedule , and the new entity , mubadala investment company , is due to commence operations in may 2017 . the new entity will have an asset base of $ 125 billion .
abu dhabi , 8th march , 2016 ( wam ) - - mubadala development company , the abu dhabi based investment and development company , and boeing [ nyse : ba ] today announced a new strategic agreement for collaboration on research and development ( r & d ; ) initiatives to further expand aerospace manufacturing capabilities in the uae .
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 .
abu dhabi ' s mubadala development takes control of atic , the government ' s main technology investment vehicle .
mubadala development company’s credit ratings are a reflection of the continuing support offered by its sole shareholder , the government of abu dhabi , and are aligned accordingly .
our reputation is based on solid performance and transparency . both mubadala development company and ipic have among the highest credit ratings in the region and publish ifrs audited and consolidated financials .
the abu dhabi government has transferred ownership of its main technology investment vehicle to mubadala development in a move that could ease financing for the development of a high - tech manufacturing cluster in the capital .
rolls - royce and mubadala development company , the abu dhabi - based investment and development organisation , have announced further details of a new approved maintenance centre ( amc ) in the emirate and confirmed plans for a manufacturing facility that will produce aero engine components .
atic is wholly owned by mubadala development , a strategic investment company owned by the abu dhabi government , and was founded to help diversify the emirate ' s economy and create jobs .
mubadala takes ownership of minesa , a colombian company focused on developing a world - class gold mining operation .
the new mubadala investment company will name division heads , giving an indication of how it sees its future .
mubadala’s oil and gas unit , which later becomes mubadala petroleum , acquires pearl energy from aabar , including a portfolio of operated exploration , development and production assets in southeast asia .
support the development and implementation of a clear statement of mubadala group overall risk appetite that will be reviewed on an ongoing basis .
as an affiliate of mubadala development company , piaggio aero will display its p180 avanti ii at the first edition singapore airshow . the airshow is being held from 18 through 24 of february 2008 .
mubadala is committed to ensuring the highest professional and ethical standards across the mubadala group and its business partners .
indra sistemas sa . said it has signed a preliminary agreement with abu dhabi ' s state - owned investment vehicle , the mubadala development company , to develop joint ventures for technology projects and products .
belhoul is masdar’s chief executive officer , overseeing the company’s strategic direction and development at the leading edge of the renewable energy and clean technology sector .
expected to begin operations in may this year , the total assets of mubadala investment company stand at $ 125 billion .
standard & poor ' s ratings services said yesterday the credit ratings on mubadala development and globalfoundries singapore were unaffected by the integration of atic .
mubadala investment company will be run by khaldoon al - mubarak , who will serve as chief executive officer , a wam report said , which also added that a board had been formed . mubarak was previously the chief executive of mubadala development company . he also sits on a number of other boards , the report said .
mubadala leads the development of a state - of - the art new campus for uae university , the first comprehensive national university in the country .
expanding this visionary heritage of excellence , mubadala investment company was created in 2017 as a global investment powerhouse for abu dhabi .
prior to his tenure with mubadala aerospace , he was an advocate and legal consultant at habib al - mulla and company .
mubadala investment company formed by the merger of two abu dhabi state owned entities on thursday announced that its board has endorsed the new structure for the company . the board of directors of investment company also announced the senior management team under the newly created platforms .
the mubadala board of directors annually reviews and approves the company’s strategic direction and business plans on behalf of the government of abu dhabi .
today , mubadala investment company operates across a diverse portfolio spanning more than 30 countries globally , continuing the vision of our founding father .
mubadala investment company’s total assets stood at $ 122bn at the end of june last year , according to calculations based on unaudited accounts .
r & d is the one area of investment most tangibly and directly tied to innovation ,
says sami issa , the executive director of technologies ecosystem at the advanced technology investment company ( atic ) , a subsidiary of mubadala development , a strategic investment company owned by the abu dhabi government .
trafigura group subsidiary impala and mubadala development company pjsc today signed an agreement with mmx to become shareholders of the sudeste superport in brazil . the agreement follows on the memorandum of understanding the three parties signed on september 10 , 2013 .
the mou provides the general framework upon which mubadala development and shell will form the alliance , which is expected initially to focus on the middle east and north africa , outside abu dhabi . areas of cooperation are likely to include the economic development of new and existing hydrocarbon resources , and the research and development of economically viable and environmentally acceptable energy solutions .
the core of the legacy mubadala development mission was to foster nascent industries and fund and develop abu dhabi – and to a small extent , international – infrastructure .
the merger comes in the wake of mubadala development not receiving new cash from the uae government in 2015 – the first time this has happened in eight years .
the investment committee is responsible to the board for developing and monitoring mubadala’s investment strategy , for the overall performance of mubadala and for managing mubadala’s business , as defined by the investment committee charter .
board positions : chairman of national health insurance company ( daman ) and mubadala pramerica real estate investors ; managing director of tabreed ; board member of mubadala ge capital , mubadala petroleum , atic , health authority – abu dhabi , finance house and abu dhabi motorsports management .
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 development and diversification priorities .
brussels , seattle , abu dhabi , july 11 , 2016 - - - solvay and mubadala development company , the abu dhabi - based investment and development company , are further strengthening their solid strategic relationship with a new joint venture that will deliver advanced composite materials for the empennage and floor beams of boeing’s new 777x program . the announcement was made today at the 50th edition of the farnborough international airshow , united kingdom .
during her time at mubadala , she has been involved in developing and managing human capital operations , performance management , professional development & competency models , and employee relations & coaching . laila has led several hr change management initiatives across mubadala .
mubadala development company ( mubadala ) is a catalyst for the economic diversification of abu dhabi . established and owned by the government of abu dhabi , the company’s strategy is built on the management of partnerships and long - term , capital - intensive investments that deliver strong financial returns and tangible social benefits for the emirate of abu dhabi , and contribute to the growth and diversification of its economy .
badr al - olama , a senior vice president for mubadala aerospace since 2005 , is the chief executive at strata manufacturing pjsc – a wholly - owned advanced composite aerostructures manufacturing facility based in al ain . in his role with mubadala , badr was responsible for the development of nibras – the al ain aerospace park which is a joint initiative between mubadala aerospace and abu dhabi airports company .
we are a diverse community of professionals at mubadala . the experience of our people paints a journey of their time and growth with our company . hear more about what it ' s like to work at mubadala .
a company comprised of assets from mubadala , tawazun and emirates advanced investment group , emirates defense industries company ( edic ) is established to bring together the capabilities of the uae’s defense manufacturing and services into a single integrated platform .
the development of an advanced technology ecosystem in abu dhabi , anchored by the semiconductor sector , is a critical aspect of the abu dhabi economic vision 2030 framework that guides the emirate ' s development .
hh general sheikh mohammed bin zayed al nahyan attended today a ceremony held at his palace to sign a memorandum of understanding ( mou ) between mubadala development company , a wholly - owned investment and development vehicle of the government of the emirate of abu dhabi , and shell ep international ltd , which is intended to lead to the formation of a strategic alliance .
the safe investment company is the hong kong branch of the chinese . . .
mubadala and ge successfully completed the sale of 98 % of the mubadala ge capital portfolio after ge’s decision to exit from its global capital business .
mubadala investment company is 100 % owner of piaggio aerospace . a shareholder in piaggio aerospace since 2006 , mubadala participated in a share capital increase in 2013 , boosting equity in support of an industrial plan that focussed on developing existing core activities and introducing new programs to bring the company in line with industry requirements .
the business unit heads under the alternative investment platform – health care ; capital ; and real estate and infrastructure – remain unchanged from the legacy mubadala company .
mubadala investment company was established to realize the vision of the founding father of the united arab emirates - - the late sheikh zayed bin sultan al nahyan . central to this is the growth and development of the economy , which lays the foundation of a thriving nation .
prior to joining mubadala , he was the chief executive officer of strategy and tourism sector development at the dubai department of tourism and commerce marketing , where he played a prominent role in developing dubai’s tourism 2020 strategy . he was also an advisor with mckinsey & company .
board level human resources and organizational development professional with over 23 years experience working with multinationals on ; . . .
mubadala increases its stake in advanced micro devices , a us - based semiconductor company that designs and integrates technologies for intelligent devices , to 19 . 3 % .
laila saif has been a member of the mubadala human capital team since 2008 . she is currently an hr director at edic ( emirates defence industries company ) .
we are in discussions to buy a stake in the john buck company ,
carlos obeid , chief financial officer ( cfo ) of mubadala , told a news conference in abu dhabi on sunday , without giving further details . mubadala said in a statement it had set up a new real estate company with chicago - based the john buck company to develop projects in abu dhabi and the middle east .
the international petroleum investment company ( ipic ) is a government - owned . . .
bringing atic under the wing of mubadala , a strategic investment company owned by the abu dhabi government , could be a first step toward helping the company to raise funds from international investors to pay for a planned technology cluster near abu dhabi international airport .
mubadala acquired a 2 % stake in british petroleum as part of the agreement for bp to hold a 10 % interest in abu dhabi company for onshore petroleum operations .
ipic and obib , the austrian state holding company , become the two core shareholders of omv , an integrated , international oil and gas business and austria’s largest listed industrial company .
a key question for the merged company is how aabar properties might be combined with mubadala’s real estate portfolio . also , though ipic recognised its 35 per cent in arabtec as a controlling holding , the new company is likely to treat it as an investment .
omv enhances its position in norway through an investment in stat oil , a leading international energy company . the transaction increases omv’s working interest in exploration and production , as well as opening up key development opportunities .
connect with us on linkedin to find out about mubadala ' s latest updates .
ali is the executive director of mubadala real estate & infrastructure , managing the company’s interests in social and commercial infrastructure projects that support abu dhabi’s future growth and economic diversification .
as mubadala’s chief executive officer and managing director , khaldoon is responsible for ensuring that the company’s business strategy is aligned with its efforts to diversify the economy of abu dhabi .
ipic contributes cepsa’s latin america focus to the new company’s upstream portfolio . desiree martin / afp
locally , the company has a stake in the uae - based construction giant , arabtec .
mubadala press release states ,
abu dhabi , uae , may 31 , 2009 - general electric ( nyse : ge ) and mubadala development company today announced the signing of their commercial finance joint venture agreement and establishment of a regional training center for next - generation business leaders , demonstrating significant progress on key aspects of a broader strategic partnership forged by the companies last year .
saoud ahmed karmastaji is an assistant manager at mubadala development company , where he is involved in managing various community , educational and sports projects , which aim to have a positive impact on the emirati community . prior to his role at mubadala , saoud was project coordinator at tawteen , emirates foundation for two years , where he managed the tawteen leadership academy and tawteen graduate program .
in this role , amina has spearheaded the development of weyana , mubadala’s youth platform , designed to engage emirati youth through a series of initiatives and events that prepare them to participate in the country’s future .
dr . abdulla al beshr is the policy planning and strategy development division director at abu dhabi tawteen council ( adtc ) .
“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 , ” stated al mubarak .
but the new layer of divisional chiefs will be the first clear indication of how the company , with combined assets of about us $ 122 billion as of last june , will reorganise itself for future growth and development .
prior to joining mubadala , nizar established abu dhabi vocational education and training institute and was its executive director . nizar held different positions in talent and leadership development and taught chemical engineering at the higher colleges of technology .
abu dhabi’s new strategic investment company sets up four investment platforms with petroleum & petrochemicals the largest .
mubadala’s revolving credit facility ( rcf ) successfully closed at the end of may 2016 .
hasan joined mubadala in 2007 and is currently the chief administrative officer of cleveland clinic abu dhabi , in addition to overseeing the hospitality portfolio of mubadala real estate & infrastructure .
support the development and implementation of functional policies , systems , processes and procedures , and continuously identify and recommend improvements to ensure compliance with mubadala’s standards and regulatory requirements , align to business requirements , and increase operational effectiveness .
globalfoundries announced a new $ 500 million research & development program with new york state’s suny polytechnic institute to accelerate next generation chip technology development . the company further expanded its presence globally across all of its sites to meet growing customer demand , including building on its operations in china with plans for a new 300mm fab using production - proven technology from its singapore site .
mubadala will create the jv through its advanced aerostructures company , strata manufacturing . located in abu dhabi’s capital of al ain , the jv will promote the establishment of a sustainable aerospace industry .
mubadala investment company will operate across four investment platforms : petroleum & petrochemicals ; technology , manufacturing & mining ; aerospace , renewables , information & communications technology ; and alternative investments & infrastructure .
participate in the review of employee engagement results and the development and implementation of agreed action plans to establish a motivated and engaged workforce .
“with common executive leadership and the government of abu dhabi as shareholder of both organizations , atic’s integration into mubadala will further drive the creation of innovative industries for the benefit of abu dhabi and the uae , ” said waleed al muhairi , coo of mubadala . “the development of an advanced technology ecosystem in abu dhabi , anchored by the semiconductor sector , is a critical aspect of the abu dhabi economic vision 2030 framework that guides the emirate’s development . ”
abu dhabi’s new strategic investment company sets up four investment platforms “of significant scale” , the company said , with “petroleum & petrochemicals” accounting for 31 . 1 per cent of the group and incorporating the main assets of ipic , as well as mubadala petroleum’s mainly asia - focused upstream portfolio , and it will be led by musabbeh al kaabi , who was previously the head of mubadala petroleum .
production commences at the nong yao oil field operated by mubadala petroleum in the gulf of thailand ; the additional production makes mubadala petroleum the second largest crude oil producer in the country .
before joining mubadala , ali worked as a projects associate for the uae offsets programme bureau .
press release states ,
sikorsky aerospace services and the mubadala development company today announced
the signing of a heads of agreement ( hoa ) to form a joint venture that will establish an aviation military maintenance repair and overhaul ( mro ) center serving the united emirates armed forces and other military aircraft throughout the middle east and north africa . mubadala is a leading business development and investment company headquartered in abu dhabi , united arab emirates . sikorsky aircraft corp . is a subsidiary of united technologies corp . ( nyse : utx ) and the parent of the sikorsky aerospace services aftermarket business , which will have a leading role as a partner in the new venture .
dr . aisha is a newspaper columnist and lecturer on various topics including cross cultural studies and the development and empowerment of women and youth .
infrastructure and real estate were combined in the legacy mubadala company , which included segments such as the development of al maryah island and global market square , which abu dhabi is developing to be one of the region’s financial services hubs . it includes hotels in that development , namely the rosewood and four seasons , as well as the viceroy group of hotels . it also contains public private partnership projects , including various universities such as the paris - sorbonne abu dhabi on reem island .
mubadala petroleum is a leading international , upstream oil and gas exploration and production company . we manage assets and operations spanning nine countries with a primary geographic focus on the middle east and southeast asia .
no credit impact for etisalat , mubadala or ihs after emts ' interest payment miss : doesn’t constitute a default for etisalat or mubadala . ihs remains a favoured emts creditor in our view .
board positions : chairman of alsowah square properties , global capital and development sdn bhd , viceroy hotel group and rosewood hotel abu dhabi ; vice chairman of aldar properties ; director of mubadala capitaland and real estate and vagaru holdings pvt ltd .
wsj reports that ,
abu dhabi ' s mubadala development co . said wednesday it ' s appointed steve peacock , a former top middle east executive at u . k . oil major bp plc to help oversee its oil and gas unit . peacock , who was middle east president for exploration at bp , has taken over as chief operating officer for mubadala oil & gas , a spokesperson for the company told zawya dow jones .
abu dhabi’s mubadala investment has sold 3 . 9 % of its stake in the chip maker .
the national reports that ,
mubadala development , the government’s investment arm , has signed a deal to form a partnership with the italian aerospace company finmeccanica to build components for civilian aircraft . alenia aeronautica , a subsidiary of finmeccanica , will supply technology , technical assistance and specialised training while providing support to develop the manufacturing processes needed for international industrial certifications .
ipic makes a strategic acquisition in petrochemicals company , nova chemicals ; today , the company is ranked among north america’s leading producers of plastics and chemicals , and since joining the ipic portfolio has increased ten - fold in value .
according to fitch ratings ,
fitch ratings has today affirmed mubadala development company pjsc ' s ( mubadala ) long - term issuer default rating ( idr ) and senior unsecured rating at ' aa ' respectively . the abu dhabi - based diversified development and investment group ' s short - term idr has been affirmed at ' f1 + ' . the outlook for the long - term idr is stable . the rating affirmation also affects mdc gmtn b . v . ' s ( mdc ) global medium - term note ( gmtn ) programme with usd1 . 85bn of notes outstanding which remains rated at ' aa ' .
mubadala and russian direct investment fund establish a us $ 2 billion co - investment fund to pursue opportunities in russia . in subsequent years , mubadala also establishes similar sovereign investment partnerships in france and china .
atic ceo ibrahim ajami will become the head of mubadala technology , part of the company’s overall technology and industry platform , as well as chief strategy officer of globalfoundries . the technology & industry platform is one of four key areas of investment focus for mubadala , along with energy , aerospace & engineering services and emerging sectors .
mubadala group cfo , carlos obeid , said : “as planned , we prudently managed our portfolio in 2016 to reduce our leverage , maintain a strong cash position and monetize assets at the right time . the result will be a strong balance sheet as we look ahead to starting operations in may as mubadala investment company . ”
a published author of ‘just read it’ , an entrepreneurial guide to self - development , omar also serves as managing partner in his own gentleman’s salon enterprise .
mubadala also pledged to more than double its stake in amd , which is listed in the us . it owned 15 . 69 per cent of the company as of the end of last march , according to bloomberg .
if you become aware of any potentially illegal , unethical , or improper conduct taken or suspected by a mubadala group company , employee , affiliate , customer , and / or supplier , or if someone purporting to be associated with mubadala has made unsolicited contact with you , please report it to us via the compliance helpline at .
ipic’s managing director , suhail al mazrouei , who is also the chairman of mubadala petroleum and the uae’s energy minister , will sit on the board of mubadala investment company and said in november , when setting out the vision for the new group , that it made strategic sense to combine all the energy assets under one umbrella .
mubadala and trafigura create a joint venture to invest in base metals , including copper and zinc . as part of the agreement , mubadala acquires a 50 % stake in trafigura’s flagship spanish mining operation , matsa .
before joining mubadala , khaled worked at international capital where he was the chief investment officer . prior to this role , he was head of corporate finance and business development at national bank of abu dhabi , where he focused on developing the bank’s investment banking capabilities .
under the mubadala delegation of authority , the board delegates aspects of its authority for executive management to the group chief executive officer and managing director , khaldoon khalifa al mubarak , as well as to mubadala’s investment committee .
strong knowledge of operational , financial , strategic and compliance risk in one or more of mubadala’s key sectors .
mubadala is a pioneering global investor , deploying capital with integrity and ingenuity to accelerate economic growth for the long - term benefit of abu dhabi . as abu dhabi’s leading strategic investment company , mubadala is active in 13 sectors and more than 30 countries around the world , creating lasting value for our shareholder , the government of abu dhabi .
as fitch has previously stated , the agency has applied its parent and subsidiary rating linkage methodology in rating mubadala , as it believes that a strong relationship exists between the company and the emirate of abu dhabi ( abu dhabi , rated ' aa ' / stable ) . as such , mubadala ' s rating is aligned with abu dhabi ' s sovereign rating . mubadala is at a relatively early stage in its development and is investing substantially in new projects . as a result , it is currently experiencing strong growth , and its capital and investment expenditures are comparatively high in relation to its revenues and operating income .
board positions : chairman of abu dhabi ship building company , strata manufacturing , maximus air cargo , abu dhabi aircraft technologies , advanced military maintenance , repair and overhaul center ( ammroc ) and adasi ; board member of mubadala petroleum , abu dhabi future energy company ( masdar ) , abu dhabi aviation , royal jet , globalfoundries and piaggio aero industries spa .
a liability is defined as a company ' s legal financial debts or obligations that arise during the course of business operations .
he is responsible for employee career growth , talent acquisition , learning and development , performance management , emiratization and oversees the delivery of a variety of business support services .
the senior vice president – enterprise risk management will support the development and manage the implementation of the enterprise risk management strategy , framework , and processes to provide a comprehensive assessment of the company - wide operational , strategic , and financial risks , and ensure that the platforms and corporate functions implement appropriate mitigation and risk management measures to protect mubadala group against major adverse events , and support in achieving its objectives .
ahmed al calily , who previously had been in charge of the legacy mubadala energy platform – which in the old organisation included masdar , as well as mubadala petroleum – will be the new group’s chief strategy and risk officer .
khaled is also a member of mubadala’s investment committee . the committee is mandated to develop the organization’s investment policies , establish guidelines and review all proposed projects and investments to ensure that they are in line with mubadala’s business objectives .
provide input into the development of a risk management strategy and framework that will enable the integration of risk management into the business management rhythm ensuring transparency and effective decision - making .
he is a human resources specialist with more than 30 years of experience in job design , organizational development and compensation and benefits . prior to joining adtc , he was the head of human resources & adminstration at commercial bank international ( cbi ) for four years . dr . al beshr’s was also the head of job design at abu dhabi company for onshore oil operations ( adco ) where he established the development , implementation and maintenance of the corporate job design system and process of adco .
the mubadala code of conduct sets forth standards for business conduct that will allow mubadala to execute against its mandate without compromising its commitment to integrity and the law . it also provides the foundation for the ethics & compliance program . the code covers how to maintain an ethical culture to ensure that mubadala personnel are doing the right thing , the right way .
mubadala continued to develop al maryah island , opening the four seasons hotel abu dhabi , adding 200 five - star rooms to abu dhabi’s business and lifestyle destination . mubadala capital also relocated to abu dhabi global market square on the island .
jointly created by mubadala and abu dhabi airport company ( adac ) , nibras al ain aerospace park is launched as a catalyst for the growth of a global aerospace cluster in abu dhabi ; it is expected to create 10 , 000 jobs by 2030 .
it’s a dynamic company , full of passionate people who believe in continuously building their professional skills and encouraging others to do the same .
learn about net tangible assets , what it measures and how to calculate a company net tangible assets using examples . read answer > >
aabar investments makes its initial investment in virgin galactic , a company focused on developing spacecraft that will provide suborbital flights to space tourists .
following the merger of mubadala and ipic , al khaldoon said that the new company will be “more interested in the upstream production side than the exploration side of oil , ” whilst he anticipated the oil price staying between $ 50 and $ 60 a barrel .
before joining tabreed , al suwaidi was a senior vice president and head of human capital employee and assets relations in mubadala , where his role included the development and implementation of recruitment and selection strategies , the creation of an emiratization strategy and optimizing human capital policies and procedures to enhance employee performance and engagement .
solvay and mubadala are creating a 50 / 50 joint venture to supply carbon fiber pre - impregnated ( prepreg ) composite materials to support the 777x needs . the new company will be located in the united arab emirates ( uae ) and is expected to be operational by 2021 . today’s announcement follows the strategic partnership both companies established in 2013 to reinforce the development of the abu dhabi aerospace industry and to strengthen the creation of prepreg manufacturing capabilities .
emirates aluminium and dubai aluminium join to create emirates global aluminium , a leading aluminium company with interests across the value chain , from bauxite mining through to alumina refining and primary aluminium smelting . the company’s creation makes the uae one of the largest primary aluminium producers in the world .
laila is a graduate of the hr leadership program with ge capital . during her 2 - year tenure with ge she has held a hr generalist role in mubadala ge capital , and has been involved with compensation & benefits and organization & talent development teams in each of ge capital germany and ge capital uk .
atic has invested dh100m over the past four years in r & d and university grants . the mubadala - owned company is heavily involved in the semiconductor industry having acquired the silicon chip manufacturer globalfoundries , now the world ' s second - biggest producer of semiconductor chips .
leaseplan press release states ,
today leaseplan announces that fleet investments b . v . , an investment company of the german banker friedrich von metzler will become a 50 % shareholder of leaseplan . this transaction follows the decision end 2008 of both mubadala development company and the olayan group to divest their 25 % stakes in leaseplan . subject to approval of the relevant anti - trust and supervisory authorities , the transaction is expected to close in the autumn of 2009 . volkswagen , which continues its 50 % interest in leaseplan , has reconfirmed the high strategic importance of multi brand fleet management for their group .
moving atic under mubadala ' s umbrella will have
no impact
on atic ' s management , mubadala said in a statement . ibrahim ajami is to continue as the chief executive of atic , and mr al muhairi will stay as the chairman .
except , that is , for the scientists busy at work in the world ' s research and development ( r & d ) labs , which help drive the future of high - tech .
if the question at the heart of technology development is efficiency , the answer may lie in focused innovation . at the advanced technology investment company ( atic ) , we have partnered with the semiconductor research corporation , a leading university - research consortium , to drive local innovation in exactly this area - what we call minimum energy electronic systems .
the advanced technology investment company plans to increase its stake in chip - maker globalfoundries to above 90 per cent by the end of the year .
ipic acquires a 4 . 1 % stake in power company energias de portugal , a leading generator , distributer and supplier of electricity in portugal .
for the second consecutive year , gem receives the maritime safety and security award , recognizing the company’s top - tier safety and security improvement initiatives .
homaid is chief executive officer , aerospace & engineering services , with oversight of mubadala’s aerospace , communications technology and defense services portfolios .
i joined mubadala in 2015 as senior vice president in the internal audit unit with responsibility for quality assurance and continuous . . .
one of the key questions here is what will happen to globalfoundries , the wholly - owned subsidiary that is a major part of the portfolio and lately has been substantially loss - making . the company is one of the world’s largest silicon chip makers – for clients such as apple . mubadala’s spokesman has said that it remains committed to the company , but some have questioned its strategic value since it was acquired in 2009 .
khaled al qubaisi , who previously was the head of human capital at the mubadala legacy company , will run the aerospace , ict and renewables division , swapping roles with homaid al shimmari , who will be the head of human capital in the new company . like mr al muhairi , mr al shimmari will also have the added role of deputy chief executive under khaldoon al mubarak , the group chief executive and managing director .
alsaabri joined du from dubai aluminium company ( dubal ) , where he served as the head of national programs and development . he holds a higher diploma in business information technology from sharjah’s higher colleges of technology . over the years , he has built up considerable expertise in leadership and management skills , especially in the fields of hr and emiratisation .
reem al zaabi is a process engineer for globalfoundries , the semiconductor manufacturing company owned by atic . working at the company’s fabrication facilities in dresden , germany , her role is to identify improvement potential , work in interdisciplinary teams , understand defect mechanisms , improve yield prediction and train new manufacturing engineers .
the involvement of mubadala and atic with amd has come at a critical time for the company ' s chip - making and design business . it is struggling with intel and other players in the industry to stay at the fore as technologies and manufacturing processes evolve and are streamlined .
alsaabri also oversees du’s other initiatives such as summer internships , university sponsorships and scholarships , as well as managing the development , implementation and execution of all national recruitment operations and career - focussed events .
an aerial view of the microchip manufacturer globalfoundries ' new york fabrication plant . the company is owned by abu dhabi ' s atic . photo courtesy globalfoundries
the company , which is wholly owned by abu dhabi ' s advanced technology investment company ( atic ) , is building a 90 , 000 square feet extension to the fabrication cleanroom , the place where silicon wafers are treated , following strong demand for the 28 nanometre ( nm ) nodes it produces .
the move reflects the growth and maturity of globalfoundries , now the world’s second - largest semiconductor manufacturing company , which was established by atic in 2009 .
mubadala petroleum is established as a world - class oil and gas exploration and production company that will contribute to the uae ' s energy security and extend the nation ' s hydrocarbons expertise ; today , it has interests in eight countries , including a number of assets in southeast asia .
it is announced that mubadala will hold a us $ 2 . 2 billion stake in bp on behalf of the abu dhabi government .
furthering commercial and governmental ties between the uae and algeria , cepsa and borealis sign agreements to promote further development of the algerian industrial sector . cepsa enters into a global agreement with algerian company sonatrach to renew and extend cepsa’s upstream presence in the north african country , while borealis and asmidal sign a memorandum of understanding to jointly evaluate opportunities for melamine production .
rick bergman , the senior vice president of amd , said the company ' s new micropocessor would be available globally next month . andrew henderson / the national
ipic acquires an interest in aabar investments pjs , an abu dhabi - based diversified investment company active in real estate , financial services , commodities and aerospace .
1937 engineering the future the p . 108 is unveiled . the company’s first four - engine aircraft , it embodies the evolving ambition of the piaggio brand .
previously , she was a senior analyst in the corporate planning department of dolphin energy limited , the company supplying gas from qatar to the uae , and was involved in finalizing gas sales to the northern emirates . she has also served as a market analyst at the abu dhabi national oil company ( adnoc ) .
a key question is what the new company chooses as its private equity platform . already , rumours have swirled about a multibillion - dollar tie up with ardian , a french investment firm , and softbank , masayoshi son’s technology investment outfit . the standard answer to date from mubadala spokesman brian lott has been : “mubadala is still in discussions with a number of world - class investment firms to create an investment vehicle for private equity deals” .
al khaldoon though refused to confirm reports from last week that mubadala was preparing to invest up to $ 15 billion in softbank’s technology fund .
amina joined mubadala in 2010 working with the asset communications team on developing communications programs and conducting stakeholder research for a number of assets including mubadala ge capital , emal and masdar . she supported the launch campaign for satellite operator yahsat , the first fixed satellite operator from the uae .
the two companies , which have combined assets of $ 130 billion ( dh477 billion ) , with ipic and mubadala having $ 65 billion each , are involved in what al mubarak described as “the largest merger in the history of the uae , in terms of the size of the company we’re creating” .
business 24 - 7 reports that ,
mubadala plans to triple its asset base from dh54 billion to dh162bn in five years and is likely to announce a bonds issue for the united states and british markets shortly , its chief operating officer revealed yesterday . the abu dhabi - based investment company is likely to consider using contributions of equity from the government , debt and revenues to boost its assets , said waleed al mokarrab al muhairi , who is also director - general of the abu dhabi council for economic development .
what began as a us $ 4 billion project has grown to one that will be worth some $ 8 . 5bn once construction of the extension and a separate technology development centre ( tdc ) is completed towards the end of next year . the tdc will become globalfoundries ' main research and development centre and will also have the capability to produce 28nm nodes . the site is set to create an additional 1 , 000 jobs .
masdar city is established as an innovative eco - city focused on sustainable urban development . the city’s nucleus is masdar institute , a research university dedicated to cutting - edge solutions in the fields of energy and sustainability .
previously , abdulla was a vice president at mubadala ' s real estate & infrastructure unit , where he supported the division’s primary objective to develop and grow mubadala’s domestic and international real estate , infrastructure and hospitality portfolio , focusing on social infrastructure projects and real estate investment opportunities that are central to abu dhabi’s long term development plans . additionally , abdulla led the team responsible for the delivery and operations of al maryah island , abu dhabi ' s central business district , inclusive of all the assets within .
ipic increases its ownership of cepsa , spain’s leading energy company , to 100 % , in line with its focus on expanding its oil exploration and production footprint .
the manufacturing centre at the same site will produce discs for the trent xwb , with capability to make similar parts for other trent engine types . it is expected to start operations in 2018 . rolls - royce and mubadala have also reached agreements to enter into a number of manufacturing development projects to support mubudala’s goal to become a tier 1 aerospace industry supplier .
mubadala is focused on developing and managing an extensive and economically diverse portfolio of commercial initiatives . its commercial strategy is based on long term capital intensive investments that deliver strong financial returns . the company manages a multi - billion dollar portfolio of local , regional , and international investments , projects and initiatives .
mubadala establishes cognit , a joint venture with ibm watson , to provide ibm’s cognitive computing system , watson , to organizations in the mena region .
before joining mubadala , homaid was a lieutenant colonel in the uae armed forces , with involvement in military aviation , maintenance , procurement and logistics .
in 2015 , rolls - royce invested £1 . 2 billion on research and development . we also support a global network of 31 university technology centres , which position rolls - royce engineers at the forefront of scientific research .
which is owned by the government of abu dhabi . established in 2012 , incorporating and building on the success of mubadala’s existing investments in the oil and gas sector , we are today a strategic pillar for the petroleum and petrochemicals platform within mubadala , targeting growth and building a world class business .
group ceo and managing director khaldoon khalifa al mubarak said : “our strong financial performance in 2016 reflected our diversified portfolio , with results from opportunistic investments in strategic sectors and prudent monetization of mature assets . in line with our long - term strategy , we continue to develop and grow world - class companies in key sectors , contributing to the uae’s economic diversification . we are well - positioned to build on the legacies of both mubadala development company and ipic as we look ahead to operating as a newly merged entity in may of 2017 . ”
the advanced technology investment company ( atic ) was created in 2008 . a technology investment company wholly owned by the government of abu dhabi , atic is focused on making significant investments in the advanced technology sector , both locally and internationally . its mandate is to generate returns that deliver long - term benefits to the emirate of abu dhabi .
he was formerly a vice president within mubadala industry , where he managed multi - billion dollar investments and stakeholder relationships in the metals and mining sector .
he is also the general counsel at mubadala healthcare . since joining mubadala in 2010 , he has held various roles , including at yahsat and as general counsel of mdc business management services . he is a california - licensed attorney with 13 years of experience in complex transactions , litigation and corporate governance .
the agreement was signed by his excellency khaldoon khalifa al mubarak , chief executive officer , mubadala development , and malcolm brinded , executive director of shell exploration & production . he khaldoon khalifa al mubarak said today : “the signing of the memorandum of understanding with shell is in line with our objective to partner with the best in the business and build a substantial oil and gas portfolio in the region and internationally . mubadala looks forward to developing many exciting business opportunities with shell in the middle east and north africa , and elsewhere . ”