Latest news with #MubadalaInvestmentCompany
Arabian Post
3 days ago
- Business
- Arabian Post
Mubadala's $1bn Sukuk Sale Sees Strong Investor Demand
Arabian Post Staff -Dubai Abu Dhabi's sovereign wealth fund Mubadala Investment Company has raised $1 billion through a 10-year U.S. dollar-denominated Islamic bond, or sukuk, marking its first debt issuance of the year. The bonds, issued via its financing arm Mamoura Diversified Global Holding, were priced at 60 basis points over U.S. Treasuries, tightening from initial guidance of 95 basis points, following robust investor demand. The offering attracted orders exceeding $4.75 billion, leading to a fivefold oversubscription, underscoring strong investor confidence in Mubadala's creditworthiness and the appeal of Islamic finance instruments. This issuance follows Mubadala's previous sukuk sale in October, where it raised 1 billion dirhams through a five-year bond. ADVERTISEMENT The sukuk employs a wakalah structure, utilizing a portfolio of publicly listed shares as underlying assets, a first for a UAE-origin sukuk. This innovative approach reflects a shift towards more flexible and equity-based structures in Islamic finance, potentially setting a precedent for future issuances in the region. Mubadala's latest financial results indicate a 9.1% increase in assets under management, reaching 1.2 trillion dirhams, driven by strategic investments in sectors such as technology, manufacturing, and private credit. As the second-largest state investment fund in Abu Dhabi, following the Abu Dhabi Investment Authority, Mubadala plays a pivotal role in the emirate's economic diversification efforts.
Arabian Post
4 days ago
- Business
- Arabian Post
Telegram Secures $1.5 Billion in Bonds Amid Legal Storm
Telegram has successfully raised at least $1.5 billion through a bond issuance, attracting investments from prominent entities including BlackRock, Mubadala Investment Company, and Citadel. This financial manoeuvre underscores investor confidence in the messaging platform, even as its founder and CEO, Pavel Durov, faces legal challenges in France. The five-year bonds, offering a 9% yield, are structured with a conversion option, allowing investors to convert debt into equity should Telegram pursue an initial public offering . While an IPO is not imminent, this feature provides potential upside for investors. Proceeds from the bond sale are earmarked to retire approximately $1 billion in debt from bonds issued in 2021, with Telegram having already repurchased around $400 million of those bonds using cash reserves. Durov's legal predicament stems from preliminary charges in France, accusing him of non-cooperation with investigations into illegal activities on Telegram, including child exploitation content. Both Durov and Telegram contest these allegations, asserting compliance with all binding legal requests. Despite being released on bail, Durov is restricted from leaving France without permission, a situation that has not deterred investor interest. ADVERTISEMENT Telegram's financial performance has shown remarkable improvement. In 2024, the company reported a profit of approximately $540 million on revenues of $1.4 billion, a significant turnaround from a $173 million loss on $342 million in revenue the previous year. This growth is attributed to an increase in paid subscribers, now exceeding 15 million, and revenue streams from advertising, in-app purchases, and partnerships with developers building on Telegram's platform. Looking ahead, Telegram projects revenues of $2 billion and profits surpassing $700 million for 2025. The company continues to expand its user base, recently surpassing one billion monthly active users, and is exploring opportunities in artificial intelligence, including a collaboration with Elon Musk's xAI to integrate the Grok chatbot.
Gulf Today
4 days ago
- Sport
- Gulf Today
UAE Under-21 national team win 10 medals at 9th Asian Jiu-Jitsu C'ship
The UAE jiu-jitsu national team, sponsored by Mubadala Investment Company, finished their remarkable campaign in the Under-21 category at the 9th Asian Jiu-Jitsu Championship in Amman, Jordan, with ten medals on the last day. This brought the team's total throughout the tournament to 22 medals. The Emirati athletes had outstanding performances, demonstrating high-level technical and tactical execution, winning three gold, two silver, and five bronze medals. The gold medalists were Mariam Al Ali (45kg), Rashed Mohammed Alshehhi (56kg), and Ammar Al Hosani (94kg). Aysha Alshamsi (45kg) and Alanood Alharbi (48kg) won silver medals, while bronze went to Alanood Alhosani (57kg), Rashid Al Haimeini (+94kg), Saeed Alnuaimi (62kg), Ahmad Andeez (69kg), and Fahad Alhammadi (77kg). Several UAE dignitaries attended the event, including Hamad Al Matrooshi, Acting Chargé d'Affaires at the UAE Embassy in Amman, and Khaled Al Ali and Aisha Al Shehhi, both members of the UAE diplomatic corps. Yousef Abdullah Al Batran, Board Member of the UAE Jiu-Jitsu Federation, stated, 'This achievement highlights the athletes' technical maturity and mental focus, as well as their ability to succeed against top-level competitors across Asia. Our preparation included both local and international training camps focused on tactical and physical development — something that clearly paid off during the competition.' The medal-winning athletes expressed delight in raising the UAE flag, emphasising that this achievement serves as a powerful motivator for future advancement. Rashed Mohammed Alshehhi, who won gold in the 56kg division, expressed his delight in winning such a significant continental victory alongside his compatriots. 'The matches were not easy, especially the final, where I faced a highly skilled and experienced opponent. 'I relied on tactical discipline and exploited my opponent's flaws at vital points. With the coaches' instruction and the rigorous preparation, we underwent, I was able to impose my style and secure the victory.' Mariam Al Ali, who won gold in the 45kg category, described the intense competition and diverse fighting techniques as challenging. 'I experienced various technical hurdles that needed me to constantly change my plan, but I was able to transition quickly between offense and defense and employ ground control efficiently. 'The technical assistance provided by our coaches prior to and throughout the event was critical in building my confidence. This gold medal is just the beginning; my dreams are expanding, and I'll keep working hard to reach even higher levels.' Jiu-Jitsu has become one of the most popular martial arts in the world, and has attracted a strong following in regional and global sports forums, due to its suitability for different ages, and the physical, intellectual and social benefits that its practice confers. With the support and generous guidance of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, the UAE Jiu-Jitsu Federation is responsible for furthering the spread of the culture of Jiu-Jitsu and providing a stimulating and encouraging environment for practitioners of this sport. Earlier, the UAE Jiu-Jitsu Federation (UAEJJF) Board of Directors convened its regular meeting at the Federation's headquarters in Abu Dhabi to review the current season's progress, discuss preparations for the 17th Abu Dhabi World Professional Jiu-Jitsu Championship, and evaluate the National Team's upcoming continental and international participations. Chaired by Abdulmunem Alsayed Mohammed Alhashmi, Chairman of the UAE Jiu-Jitsu Federation, President of the Ju-Jitsu Asian Union, and Senior Vice President of the International Jiu-Jitsu Federation. He emphasised that the leadership support remains the cornerstone of the UAE's continued success in the sport at both regional and global levels. The board reviewed the federation's achievements during the 2025 season to date and the comprehensive calendar of upcoming local and international events. Discussions centred on new strategic initiatives designed to strengthen the UAE's position as a global leader in jiu-jitsu, with particular focus on expanding the sport's reach and providing athletes with world-class training and competitive opportunities. A detailed review was conducted of the proposed schedule for the 17th Abu Dhabi World Professional Jiu-Jitsu Championship, scheduled for November.
Gulf Today
5 days ago
- Sport
- Gulf Today
UAE dominate adult division at 9th Asian Jiu-Jitsu Championship
The UAE national jiu-jitsu team, sponsored by Mubadala Investment Company, maintained their dominant performance at the 9th Asian Jiu-Jitsu Championship in Amman, Jordan, winning first place in the adult division. Following an excellent performance in the women's category on Day 2, the team added five more medals—two gold, one silver, and two bronze—bringing the national total to 12 and securing the lead in the overall adults category rankings. The UAE's female athletes took to the mats with confidence and purpose, achieving world-class performances against some of Asia's best competitors. Aysha Alshamsi (45kg) and Shamma Al Kalbani (63kg) won gold medals, Mariam Al Ali took silver (45kg), and Hamda Alshkeili (48kg) and Asma Al Hosani (52kg) won bronze. Mubarak Saleh Al Menhali, the UAE Jiu-Jitsu Federation's Director of Technical Department, hailed the athletes' and coaching staff's outstanding achievement, citing months of thorough preparation. 'Our female fighters exhibited outstanding talent and poise, demonstrating that we have a highly competitive group of athletes capable of competing on both the continental and global platforms. 'These successes were not by happenstance; they are the result of long-term vision, continuous support from our wise leadership, and a federation strategy based on empowerment and excellence.' Shamma Al Kalbani, who won gold in the 63kg division, added, 'This victory means the world to me. It is the result of continuous training and maintaining consistent mental discipline from start to finish. 'Standing on the awarding platform and hearing the UAE national anthem was a powerful and emotional moment—a reminder of the pride and purpose behind every match. I'm honoured to raise the UAE flag and remain committed to achieving even greater milestones.' Aysha Alshamsi, a gold medallist who won gold in the 45kg division, highlighted the team's solid preparation. 'I felt an enormous sense of success when I went upon the podium and saw the UAE flag rise. It's a memory I'll keep forever.' Further podium results are expected in the Under-21 division as the UAE seeks to cement their supremacy in the championship rankings. The team won seven medals on the first day of the event. Fahad Ali Al Shamsi, Secretary-General of the UAE and Asian Jiu-Jitsu Federations, congratulated the athletes, citing sustained support from wise leadership as a key factor in their continental success.
Mid East Info
6 days ago
- Sport
- Mid East Info
UAE Wins Seven Medals on Day One of the Asian Jiu-Jitsu Championship in Jordan - Middle East Business News and Information
The UAE National Jiu-Jitsu Team, sponsored by Mubadala Investment Company, began its campaign at the 9th Asian Jiu-Jitsu Championship with a strong performance, winning seven medals on the first day at Prince Hamzah Hall in Al Hussein Youth City, Amman. The team won two gold, two silver, and three bronze medals in the men's divisions, reaffirming its dominance in one of the continent's most renowned jiu-jitsu competitions. Theyab Al Nuaimi (56kg) and Mohamed Ali Al Suwaidi (69kg) took home gold medals. Omar Al Suwaidi (56kg) and Khaled Al Shehhi (62kg) took silver, while Mehdi Al Awlaki (77kg), Hazza Al Qubaisi (85kg), and Faraj Al Awlaki (94kg) won bronze. Fahad Ali Al Shamsi, Secretary-General of the UAE and Asian Jiu-Jitsu Federations, congratulated the athletes, citing sustained support from wise leadership as a key factor in their continental success. This encouraging start reflects the hard work of our technical and administrative teams, as well as the players' dedication and discipline. It's a fantastic first step toward our goal of topping the overall rankings. Today's achievement boosts our confidence in the team and emphasizes our athletes' commitment to proudly represent the UAE.' He also commended Mubadala's strategic partnership, which has been in place since 2023, and emphasized its importance in improving the team's readiness and performance in significant continental and international tournaments. Head Coach Helder Medeiros was pleased with the results, citing the high quality of play and the tremendous progress made by several Asian nations. He highlighted the team's continued analysis and preparation for the upcoming women's and under-21 competitions. Gold medalist Theyab Al Nuaimi regarded his triumph as a proud moment for both himself and his teammates, recognising weeks of intense training and discipline. He praised both his coach and the federation for their ongoing support.
