In its 2021 financial results, the Mubadala Investment Company, an Abu Dhabi sovereign investor, showed a Total Comprehensive Income (TCI) attributable to the Owner of 122 billion, compared to 72 billion in 2020. At year-end, Assets Under Management across the group stood at AED 1,045 billion, up from AED 894 billion in 2020.
Investment returns, asset monetization, and new partnerships all contributed to growth. One of the biggest IPOs of 2021 in the United States was Mubadala’s listing of its wholly-owned semiconductor manufacturing company, GlobalFoundries, on the NASDAQ. Yahsat’s IPO on the Abu Dhabi Securities Exchange helped Abu Dhabi become a capital market and raised $731 million. ADNOC and Taqa became shareholders in Masdar, founded by Mubadala in 2006, in order to increase its renewable energy capacity to over 50 gigawatts by 2030.
Managing Director and Group Chief Executive Officer Khaldoon Khalifa Al Mubarak said, “Mubadala continues to invest in sectors that are changing the world and impacting global business. As markets rose and the economy began to recover from the pandemic, we looked for opportunities to take some of our strongest companies public and invest with world-class partners in high-growth sectors and geographies.”
“2021 was Mubadala’s strongest financial year in its 20-year history. We are managing for value as well as staying focused on our long-term mandate to find commercial opportunities despite the current challenging and complex global economic outlook, with headwinds such as inflation, supply chain disruptions and tighter monetary policy.”
During 2021, Mubadala invested AED 125 billion in key sectors in the United Arab Emirates and internationally. Besides Mubadala’s investment in CityFibre, which is the UK’s largest independent fibre infrastructure platform, Mubadala also expanded a partnership with Bpifrance with €4 billion in order to develop French enterprises with proven growth potential as well as high-growth technology sectors in France.
Mubadala Health, which has brought some of the world’s best-known health care providers such as Imperial College of London and Cleveland Clinic to Abu Dhabi, launched as an integrated healthcare network to serve patients in the region seeking specialized care. In 2011, Mubadala Capital became a wholly owned subsidiary with $13.7 billion in assets under management, including managing third-party capital.