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Khaleej Times
20-05-2025
- Business
- Khaleej Times
Mubadala's assets under management grew to Dh1.2 trillion in 2024
Mubadala Investment Company, the Abu Dhabi–based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised returns of 10.1 per cent over five years. Capital deployed grew 33.7 per cent year-over-year to Dh119 billion. Proceeds, including monetisations, grew 10 per cent year-over-year to Dh109 billion. Mubadala's portfolio mix remained broadly consistent year-over-year: 40 per cent in private equity, 23 per cent in public markets, and 17 per cent in infrastructure and real estate. The company raised Dh30.5 billion through a range of capital market instruments, including the world's first AA-rated sovereign sukuk, a bond with the tightest credit spread ever issued in emerging markets, Mubadala's first dirham-denominated global sukuk and the first Euro-denominated 6- and 7-year corporate facilities in the EMEA region. 'This year marked two decades of disciplined financial performance as an investor central to the UAE's long-term competitiveness. Our 2024 results and portfolio growth reflect Mubadala's focused and resilient strategy, with risk-adjusted returns in sectors where we have conviction,' said Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO. 'Our portfolio has been constructed to navigate market cycles and scale future-focused sectors—from AI and clean energy to life sciences, semiconductors, and advanced manufacturing—all aligned with our national priorities. A growing number of best-in-class investors also continued to partner with Mubadala across key geographies and sectors, reflecting confidence in our approach and long-term strategy. We will work to deepen these partnerships, invest in advancing innovation and create new entities in Abu Dhabi and around the world.' 'Mubadala's 10.1 per cent return over the last five years reflects our disciplined capital allocation strategy, resilient execution and consistent focus on long-term value creation,' said Carlos Obeid, Group Chief Financial Officer. 'We continue to grow and diversify across sectors and geographies, supported by a strong balance sheet, a low cost of debt, and a conservative gearing ratio of 7.8 per cent, which positions us well for future investments.' In 2024, Mubadala continued to be a key driver of innovation, economic diversification, and job creation in the UAE, reinforcing the country's position as a global hub for capital and future-focused industries. Mubadala's portfolio continued to expand across North America, Europe, and Asia, guided by long-term investment horizons and aligned with global growth trends and Abu Dhabi's economic vision. Mubadala Capital, now managing $30 billion (Dh110.2 billion), two-thirds on behalf of global investors, grew its international footprint by acquiring Fortress Investment Group and establishing a $1 billion (Dh3.6 billion) partnership with Silver Rock Financial. Mubadala's private credit portfolio grew to US$20 billion (Dh73.5 billion), supported by deep, trusted partnerships with institutions including Apollo, Ares, Carlyle, Goldman Sachs, and KKR. Since 2021 the company has not disclosed annual financial figures such as revenue or net income but has disclosed its rolling 5-year IRR and, in 2024, has begun publishing its 10-year rolling IRR which in 2024 was 8.7 per cent.
Zawya
08-05-2025
- Business
- Zawya
Abu Dhabi's Mubadala Investment delivers returns of 10% in 2024
The UAE's Mubadala Investment Co. clocked annualised returns of 10.1% over five years in 2024 and its assets under management (AUM) grew by over 9% year-on-year to 1.2 trillion dirhams ($326.7 billion) as it focused on AI and chips. Capital deployed grew 33.7% year-over-year to AED 119 billion, making the Abu Dhabi–based sovereign investor the most active in the world. The company, which is one of the top five sovereign investors in the world, does not disclose annual financial figures such as revenue or net income. CEO Khaldoon Al Mubarak said the investment company's 'portfolio has been constructed to navigate market cycles and scale future-focused sectors—from AI and clean energy to life sciences, semiconductors, and advanced manufacturing—all aligned with our national priorities.' Mubadala's portfolio mix is 40% in private equity, 23% in public markets, and 17% in infrastructure and real estate, remaining broadly consistent year-over-year. Its private debt portfolio is now worth $20 billion, 'supported by deep, trusted partnerships with institutions including Apollo, Ares, Carlyle, Goldman Sachs, and KKR'. Group CFO Carlos Obeid said: 'We continue to grow and diversify across sectors and geographies, supported by a strong balance sheet, a low cost of debt, and a conservative gearing ratio of 7.8%, which positions us well for future investments.' In 2024, the investor raised AED 30.5 billion through a range of capital market instruments, including sukuk, bonds, and its first Euro-denominated 6- and 7-year corporate facilities in the EMEA region. (Writing by Brinda Darasha; editing by Seban Scaria)
