Mubadala Investment Company, which manages $330 billion: an annualized return rate of 10.1% over five years.

36Kr has learned that Mubadala Investment Company, a sovereign investment institution headquartered in Abu Dhabi, released its 2024 financial results today. As of the end of 2024, the company's assets under management increased by 9.1% year-on-year to AED 1.2 trillion, with an annualized return rate of 10.1% over the past five years.

In addition, its capital deployment increased by 33.7% year-on-year to AED 119 billion, and the total capital repatriation (including asset monetization) increased by 10% year-on-year to AED 109 billion. The portfolio structure remained basically the same as last year: private equity accounted for 40%, public markets accounted for 23%, and infrastructure and real estate accounted for 17%.

It raised AED 30.5 billion through diversified capital market instruments, including the world's first sovereign Islamic bond (Sukuk) with an AA rating, the bond with the narrowest credit spread issued in emerging markets, Mubadala's first global Islamic bond denominated in dirhams, and the first 6-year and 7-year corporate credit financing denominated in euros in the Europe, Middle East and Africa (EMEA) region.

Mubadala's global investment portfolio is centered around spanning market cycles and focuses on key future-oriented sectors, including artificial intelligence, clean energy, life sciences, semiconductors, and advanced manufacturing, fully aligning with the strategic priorities of the UAE's development.

Khaldoon Khalifa Al Mubarak, the CEO and Managing Director of Mubadala Group, also revealed that a landmark development for the company in 2024 was the establishment of MGX, a new national-level artificial intelligence investment platform in Abu Dhabi, jointly founded by Mubadala and G42, led by the Abu Dhabi Artificial Intelligence and Advanced Technology Council.

Mubadala continues to play a key role in promoting innovation, economic diversification, and job creation. For example, Space42, established after the merger of Yahsat and Bayanat, is the largest listed aerospace technology company in the Middle East and North Africa. Mubadala promotes the development of the UAE's life sciences industry through acquisitions along the industrial value chain, focusing on pharmaceuticals and distribution to ensure national drug security and meet the global demand for critical drugs.

Additionally, Emirates Global Aluminium (EGA) acquired an 80% stake in Spectro Alloys Corporation in the United States, acquired Leichtmetall in Europe, and continued to build the UAE's largest aluminum recycling plant, increasing EGA's global aluminum recycling capacity to 140,000 tons, with another 225,000 tons of capacity under construction. Mubadala also deepened its long-term strategic partnership with Aldar to jointly develop and manage high-end residential, commercial, retail, and logistics assets worth over AED 30 billion (approximately $8.2 billion), contributing to Abu Dhabi's sustainable economic growth and transformation.

It is understood that Mubadala currently manages assets worth $330 billion. Its subsidiary, Mubadala Capital, manages $30 billion, two-thirds of which comes from global investors. Through the acquisition of Fortress Investment Group and a cooperation agreement worth $1 billion (approximately AED 3.6 billion) with Silver Rock Financial, Mubadala Capital further expanded its international business footprint.

Notably, Mubadala's Asia and Consumer team participated in an investment consortium led by PAG to jointly acquire a 60% controlling stake in Dalian New Damen Commercial Management Co., Ltd. As the world's largest commercial management company, New Damen adopts a light-asset operation model and currently manages 513 large shopping malls across China. This transaction is Mubadala's largest direct investment in the Chinese market to date.