Mubadala Development Company
From Wikipedia, the free encyclopedia
| Mubadala Development Company شركة مبادلة للتنمية |
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| Type | Joint stock company (Government owned) |
| Founded | October, 2002 |
| Headquarters | Abu Dhabi,  United Arab Emirates |
| Key people | HH Sheikh Mohammed bin Zayed Al Nahyan, Chairman Khaldoon Khalifa Al Mubarak, CEO |
| Industry | Diversified Investments |
| Website | http://www.mubadala.com |
The Mubadala Development Company (Arabic:شركة مبادلة للتنمية) is a state owned company of the Abu Dhabi government in the United Arab Emirates. Mubadala is practically the investment vehicle of the Abu Dhabi government, According to its website, its main activities are:[1]
- Acquisition of new companies and strategical holdings in existing companies
- Diversified Investments
- Strategic partnership
Currently Mubadala has invested in the energy, telecommunication, aerospace, automotives, healthcare, real estate and ship building sectors.
Contents |
[edit] Subsidiaries
Mubadala operations are divided into three sections:
[edit] The Operations Group
- Acquisitions Unit
- Aerospace & Technology Unit
- Piaggio Aero (35%)
- du (telco) (20%)
- Injazat Data Systems - which is a joint venture between EDS and Mubadala. Its purpose is to provide IT and business process outsourcing (BPO) services in the United Arab Emirates, Qatar and Oman to the government, oil and gas, utilities, financial services, transportation, telecom and healthcare sectors. (60%)
- SR Technics MRO supplier based in Switzerland. (40%)
- Horizon International Flight Academy
- YahSat (Satellite providing clients in MENA, Europe and South East Asia with telecommunication services) - 100%
- Energy & Industry Unit
- Liwa Energy - Oil exploration in Libya and Oman
- Emirates Aluminium
- Abu Dhabi Future Energy or Masdar - Development and research of new technologies that will support the use of future alternative energy and also preserving environmental sustainability (100%)
- Healthcare Unit
- Cleveland Clinic Abu Dhabi (100%)
- Abu Dhabi Knee and Sports Medicine Center (100%)
- Imperial College London Diabetic Centre (100%)
- Infrastructures Unit
- Abu Dhabi Terminals (100%) - Operation of Port Zayed in Abu Dhabi. Abu Dhabi Terminals is managed by DP World through an agreement
- UAE University Management & Development - a concession with UAE university in which Mubadala and other investors will own UAE university by providing the funds to construct their new campus in Al Ain, fitting it and expanding it. The new campus will be 280,000 square meters.
- Properties Development
- Abu Dhabi Financial Center
- Zayed Sport City
[edit] The Finances & Corporate Affairs Group
Handling the internal affairs of Mubadala by providing it with financial, legal and professional services.
[edit] The Investment Management Group
Managing the various investment portfolios of Mubadala:[2]
- Advanced Micro Devices (AMD) - 8%, bought for $622 million. [3]
- ALDAR properties - Property and real estate development in Abu Dhabi. (7%)
- Abu Dhabi Ship Building - Construction and repair of military and commercials vessels.
- Carlyle Group - 7.5%, a private equity firm that invests in aerospace and high-tech businesses.
- Dolphin Energy - 51%
- Emirates Ship Investment Company or Eships - Peviously known as the Combined Cargo UAE. It operates 9 cargo vessels which are used for dry bulk shipping, transportation of aggregates and transporting iron ore. (32.89%)
- Ferrari - In July 2005, Mubadala purchased a 5% stake in the world famous sport car manufacturer from Mediobanca. The deal costs €114 million.[4]
- LeasePlan Corporation - Purchased a 25% stake in the Dutch car rental company for €2 billion from ABN Amro.
- National Central Cooling Company or Tabreed - This company provides district cooling to the entire UAE, with 13 cooling plants in Abu Dhabi, Dubai, Al Ain, Fujairah and Ras Al Khaimah. Total capacity is 87,000 of chilled cooling water. (5%)
- Oasis Leasing - A leasing company which provides aircraft leasing primarily and also ship leasing. Currently it owns 19 aircraft.
- Spyker Cars - Purchased a 17% stake in this Dutch sport car manufacturer.
- Tanqia - A company which provides waste water treatment and gathering in the Emirate of Fujairah.
[edit] References
- ^ "About Mubadala", Mubadala Website.
- ^ "The Investment Management Group, Mubadala Website.
- ^ "Abu Dhabi Takes 8% Stake in Advanced Micro, The New York Times.
- ^ "New Abu Dhabi Shareholder Brings New Alliance For Ferrari", carpages.co.uk.
[edit] External links
- "Mubadala Development Company" - Company Profile - For a complete list of Mubadala subsidiaries and investments.
