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Mubadala Investment Company “Mubadala” announced; The Sovereign Investment Company in Abu Dhabi, announced the group’s financial results for the year 2022. Despite the many economic challenges witnessed in 2022, which greatly affected financial markets and investor orientations, Mubadala achieved levels of performance that exceeded global indicators, thanks to the effective management of its investment portfolio, and the employment Al-Qawi Investments, selling a number of mature assets at the right value and at the right time.
Khaldoun Khalifa Al Mubarak, Managing Director and CEO of the Group, said: “It was the vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Council of Ministers. The management of the company is the biggest motivation for us to move forward in our path and maintain the pace of strategic growth of the group in the main business sectors.
He added, “Despite the global challenges that greatly affected financial markets and investors’ attitudes, we achieved performance levels that exceeded global indicators, and maintained our long-term strategic approach to investing in key markets and business sectors.”
Sketch out the features of the future
Al-Mubarak referred to Mubadala’s investments in 2022, saying: “We have invested 107 billion dirhams in business sectors that shape the future and work to make a positive impact, including life sciences, renewable energy, and digital infrastructure. We have invested in sectors that provide stable financial returns, such as real estate and traditional infrastructure. We have also made sure to invest more in other alternative investments, including private equity and private credit, to overcome any volatility in traditional asset classes. On the other hand, we achieved revenues of 106 billion dirhams from the sale of a number of mature assets at the appropriate value, with the aim of employing them in new investments in business sectors and geographical regions with high potential, including Asia, which we believe has great investment potential in the areas of technology and digital infrastructure. and energy transformation.
He added, “Although the global economic conditions are still unstable, we will continue to focus on long-term investments based on our convictions and investment approach.”
sectors
In line with its strategy to invest in business sectors that shape the future, Mubadala invested 107 billion dirhams in the life sciences, renewable energy and digital infrastructure sectors, and completed two of the top 10 healthcare deals in 2022, as it invested with EQ. T »at the «Envirotainer» company; Global provider of transportation chain solutions for temperature sensitive medicines and pharmaceuticals. It also invested, along with Warburg Pincus, in the $2.6 billion purchase of Informa Pharma Intelligence; It is a data and software company for clinical trials and drug development, and after the deal was completed, the company acquired a stake in it and rebranded it to Norstella. In the field of renewable energy, Mubadala invested $525 million with BlackRock Real Assets in the Tata Renewable Energy Company. One of India’s largest renewable energy companies, building on Mubadala’s fast-growing clean energy portfolio.
Mubadala also acquired a 100% stake in Skyburn Renewables; The largest private developer of offshore wind energy in the world, along with Global Infrastructure Partners. It also closed a deal to buy Global Infrastructure Partners’ 50% stake in Bluepoint Wind; It is an innovative project with a capacity of 1.6 gigawatts off the coast of New Jersey and New York.
digital infrastructure
During the year 2022, Mubadala invested in many digital infrastructure projects, as the company invested $ 350 million in Princeton Digital Group. Asia’s leading data center company, along with an additional £300m commitment in Cityfiber; The UK’s largest integrated fiber platform, completing an initial £500m investment in the company.
During 2022, Mubadala made many investments in real estate, infrastructure and alternative investments, including private equity and private credit. The company has started investing in credit investments in the European real estate market through a joint venture with Aris Company. Specializing in alternative investments, in addition to a $2.1 billion partnership deal in a portfolio of private equity assets with the French private investment company, Ardian, through Mubadala Capital, wholly owned by Mubadala Group, which specializes in asset management, in addition to a partnership with KKR Investment Company. in the area of private credit in the Asia-Pacific region
revenues
Mubadala achieved revenues of 106 billion dirhams with the aim of investing it in new investments in high-growth business sectors, including the sale of a 24.9% stake in Borealis, a leading company in the field of basic chemicals and fertilizers, which is headquartered in Austria. The group, along with Trafigura, also sold Matsa for $1.87 billion. Mubadala also sold its remaining stake in Glencore.
At the end of 2022, the Mubadala Group maintained assets worth more than one trillion dirhams.
In this regard, Carlos Obeid, Group Chief Financial Officer, said: “As a sovereign investor, we enjoy a long-term investment horizon. Our cumulative five-year return of 8.5%, and our 2022 return of -3.1%, indicate that Mubadala significantly outperformed global indices during the year. We will continue to focus on placement of investments in line with our strategy
