Message from the Chairman
His Highness Sheikh Mohamed bin Zayed Al Nahyan
Today the UAE’s citizens and residents continue to profoundly benefit from the vision of our Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. It permeates throughout every aspect of our national identity and the communities that contribute to that identity.
As a result, Sheikh Zayed’s vision has been fundamental to the approach the UAE has taken to managing the response to the impact of COVID-19. It has guided our national and international response, under the leadership of the UAE President Sheikh Khalifa bin Zayed Al Nahyan, to the pandemic and will continue to shape our place within global humanitarian systems in the decades ahead.
Mubadala is part of that humanitarian response and it too is a manifestation of the vision of our Founding Father and its enduring importance.
It is a source of great pride that locally and globally, Mubadala and its companies have protected lives, helped keep our nation running, and provided support to the communities around the world in which it operates.
Since 2020 Mubadala has also seized the opportunity to accelerate its planned strategic shift, expand partnerships and deploy significant capital to unlock opportunities across sectors that are shaping our future and driving global progress.
The powerful combination of Mubadala’s people, its steadfast commitment to responsible investment, and its ability to go further and faster in the toughest of times, is a reminder, and powerful manifestation, of Sheikh Zayed’s ambitions for the UAE.
On behalf of the Nation and the Board of Directors, I am grateful for the progress and value Mubadala continues to create and for the confidence it inspires for significant expansion in the coming years.
Message from the Chairman
His Highness Sheikh Mansour bin Zayed Al Nahyan
As Mubadala’s shareholder, the Government of Abu Dhabi holds a clear view that a global investor must operate responsibly at the leading edge of progress and positive change.
The importance of this view could not be more evident as the world moves beyond COVID and addresses fundamental challenges and opportunities that will shape the lives of future generations.
Accelerated action by governments and investors is required on multiple fronts, including climate change, the energy transition, healthcare innovation, digital connectivity, inclusive education, and inclusive economic growth.
Mubadala has effectively evolved its strategy and portfolio to respond to these priorities and capture new opportunities across multiple sectors in the coming decades.
In doing so, the company continues to advance the UAE as a future-focused home for business, innovation, and opportunity at the nexus between East and West.
Mubadala’s ability to invest, partner, and capture value across sectors shaping our future is a testament to the leadership, global networks and trust it has earned since its foundation nearly two decades ago.
2020 validated the timing and effectiveness of the company’s strategic evolution, as it continued to relentlessly deliver on its obligations to its shareholder, while being part of the global response to the pandemic.
In the coming years, the UAE will continue to do what it has done over the last half-century: break new ground, innovate and prepare for the future. Mubadala will continue to be a critical enabler of that approach and the achievements that result from it.
Managing Director & Group CEO
Khaldoon Al Mubarak
As we operate and partner at the leading edge of innovation and global progress, we are entirely committed to creating a lasting positive impact across the communities and sectors in which we invest.
Mubadala’s strategy is underpinned by a commitment to be at the forefront of responsible global investment.
As we operate and partner at the leading edge of innovation and global progress, we are entirely committed to creating a lasting positive impact across the communities and sectors in which we invest.
This commitment guided our COVID response, and today, we continue to deploy resources and expertise via Mubadala’s #WeAreDedicated campaign to support response and recovery efforts in the UAE and worldwide.
We are proud to have Mubadala investments such as G42 in Abu Dhabi, VIR Biotechnology, Recursion Pharmaceuticals, Color Genomics and Innovaccer pioneering COVID treatments, vaccinations, and the use of artificial intelligence to prevent future pandemics and improve global health.
These investments reflect the strategy shift that began in 2019, with COVID accelerating several of the trends that are at the core of our investment thesis.
This shift concluded in 2020, and we are now well-positioned to deliver on our mandate to grow and manage a resilient and diversified portfolio that generates sustainable financial returns for the Government of Abu Dhabi and creates opportunities for the UAE.
Long-term agreements in technology with Silver Lake, in life sciences with PCI Pharma in the U.S., and consumer goods and telecommunications with the Reliance Group of India are recent examples of our strategy in action.
Concluding 2020 with record profit and growth, an expanded global office network, and vital new partnerships at the leading edge of innovation validated our new direction.
This year we continue to accelerate capital deployments and develop partnerships across ‘tailwind’ sectors while rebalancing and exiting legacy sectors when the correct valuations exist.
We are currently institutionalizing our ESG strategy across the group, with our investment decisions and growth sectors reflecting this commitment in action.
Clean energy has been an investment priority since 2006, and we are doubling down and partnering to drive progress across new energy sources, including hydrogen and synthetic fuels.
Today’s early-stage investments and new partnerships will help ensure the UAE remains a stable and responsible energy partner globally, regardless of the source or technology.
Mubadala’s progress would not be possible without the guidance and support from our Chairman, His Highness Sheikh Mohamed bin Zayed Al Nahyan, our Vice Chairman, His Highness Sheikh Mansour bin Zayed Al Nahyan, and the Board of Directors.
In the toughest of times for humanity in recent history, I am humbled and deeply grateful for the unrelenting commitment from my colleagues and our partners in Abu Dhabi and worldwide.
Committed to the Highest Standards of Excellence and Corporate Governance
The Board of Directors is responsible for Mubadala’s strategic direction, oversight and corporate governance, ensuring the business delivers on the Government of Abu Dhabi’s investment and diversification priorities.
As a global and responsible investor, Mubadala is at the forefront of Abu Dhabi’s efforts to drive sustainable economic growth by investing across multiple asset classes, sectors and geographies with a particular interest in sectors with growth ‘tailwinds’, such as technology, life sciences, and consumer goods.
Mubadala benefits from the long-term support of its sole shareholder, the Government of Abu Dhabi, as we work to achieve our commercial goals while operating with the highest levels of integrity.
His Highness Sheikh Mohamed bin Zayed Al Nahyan
Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,
Chairman of the Executive Council, Chairman of the Board
His Highness Sheikh Mohamed bin Zayed Al Nahyan holds a wide range of policy, legislative and economic responsibilities in Abu Dhabi and the United Arab Emirates.
His Highness has been the Crown Prince of Abu Dhabi since November 2004 and was appointed Deputy Supreme Commander of the UAE Armed Forces in January 2005.
His Highness is also Vice-Chairman of the Abu Dhabi Supreme Council for Financial and Economic Affairs.
His Highness completed his formal education in the UAE and the United Kingdom, graduating from the Royal Military academy at Sandhurst, United Kingdom.
His Highness Sheikh Mansour bin Zayed Al Nahyan
Deputy Prime Minister and Minister of Presidential Affairs of the United Arab Emirates,
Vice-Chairman of the Board
His Highness Sheikh Mansour bin Zayed Al Nahyan is the Deputy Prime Minister of the United Arab Emirates and Minister of Presidential Affairs.
His Highness is also the Chairman of the Ministerial Development Council, the Emirates Investment Authority and Abu Dhabi Fund for Development.
His Highness is a member of the Abu Dhabi Supreme Council for Financial and Economic Affairs and sits on the boards of numerous investment institutions.
His Highness continued his studies in the United States, where he was awarded his Bachelor’s degree in International Relations in 1993.
His Excellency Mohammed Ahmed Al Bowardi
Minister of State for Defence Affairs, Member of the Board
His Excellency Mohammed Ahmed Al Bowardi is the UAE Minister of State for Defence Affairs. He also holds several prominent positions in the Emirate of Abu Dhabi. His Excellency is Vice-Chairman of Dolphin Energy and a board member of Tawazun Holding.
His Excellency is also the Vice-Chairman of the Abu Dhabi Environment Agency, Deputy Chairman of the Mohamed Bin Zayed Species Conservation Fund and the International Fund for Houbara Conservation – Abu Dhabi. He is also a member of the Board of Trustees of Abu Dhabi University (ADU).
His Excellency holds a degree in History and Political Science from Lewis & Clark College, USA.
His Excellency Suhail Mohamed Faraj Al Mazrouei
UAE Minister of Energy & Infrastructure, Member of the Board
His Excellency Suhail Mohamed Faraj Al Mazrouei was appointed UAE Minister of Energy & Infrastructure in 2013.
His Excellency has held multiple positions in both government and the private sector. He is Chairman of the Board of Directors of Etihad Water and Electricity, Chairman of the Board of Directors of Emirates General Petroleum Corporation, Member of the Board of Directors and of the Executive Committee of Abu Dhabi National Oil Company ADNOC.
Additionally, he is Vice-Chairman of the Emirates Nuclear Energy Corporation (ENEC), Board Vice-Chairman of Barakah One Company and Board Vice-Chairman of Nawah Energy Company. He is a member of the Board of Directors of the Dolphin Energy Company. He is also a member of Mubadala Investment Company’s Board Executive Committee and Audit, Risk & Compliance Committee
His Excellency holds a B.A. in Petroleum Engineering from the University of Tulsa.
His Excellency Abdulhamid Saeed
Member of the Board
His Excellency Abdulhamid Saeed is Managing Director of Reem Investments, and a member of the Board of Directors of Sky News Arabia and Abu Dhabi Development Holding Company (ADQ) and Emirates Red Crescent. He is a member of Mubadala Investment Company’s Board Executive Committee and Audit, Risk & Compliance Committee.
His Excellency was the Governor of the UAE Central Bank and GCEO of First Abu Dhabi Bank. He also served as CEO, Managing Director and Board Member in First Gulf Bank and held various senior positions in Citibank.
His Excellency holds a Bachelor’s degree in Business Administration from the University of Arizona, USA.
Mahmood Ebraheem Al Mahmood
Member of the Board
Mahmood Ebraheem Al Mahmood is Chief Executive Officer of ADS Holding, a privately held, Abu Dhabi-based financial services firm, and Executive Chairman of ADS Securities, a foreign exchange and commodities trading platform. He is also a board member of Al Etihad Credit bureau.
Mr. Al Mahmood has held senior roles at a number of companies including the Abu Dhabi Investment Authority (ADIA), and was Chief Executive Officer, Managing Director and a board member of the development and investment company Al Qudra Holdings.
Mr. Al Mahmood holds a Bachelor of Science degree in Business Administration, as well as a Masters in International Business, from the Webster University, Geneva, Switzerland.
His Excellency Khaldoon Khalifa Al Mubarak
Managing Director and Group Chief Executive Officer
As Managing Director and Group CEO of Mubadala Investment Company, Khaldoon Khalifa Al Mubarak has led the company’s significant evolution for almost two decades.
Government Responsibilities: In addition to his commercial responsibilities, His Excellency holds a number of UAE and Abu Dhabi Government responsibilities, including member of the Abu Dhabi Executive Council; member of Abu Dhabi’s Supreme Council for Financial and Economic Affairs; the Presidential Special Envoy to China since 2018; and the Chairman of the Abu Dhabi Executive Affairs Authority, which has provided strategic policy advice to the Chairman of the Abu Dhabi Executive Council.
His Excellency also serves on the Boards of several significant businesses, including the Abu Dhabi National Oil Company (ADNOC), and serves as the Chairman of the Boards of the Emirates Nuclear Energy Corporation, Abu Dhabi Commercial Bank, Emirates Global Aluminium and City Football Group. He also co-chairs the Abu Dhabi-Singapore Joint Forum and the UAE-France Strategic Dialogue, and is a member of the New York University Board of Trustees.
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