1.2 trillion dirhams assets "swap" 9.1% growth in 2024
Abu Dhabi, May 8/ WAM/ Mubadala Investment Company, Mubadala, a sovereign investment company in Abu Dhabi, announced the financial results of the group for the year 2024.
The company achieved a strong performance through its various investments, and succeeded in enhancing the strength and flexibility of its investment portfolio, as the value of its assets increased by 9.1% on an annual basis to reach 1.2 trillion dirhams, with a cumulative return rate of 10.1% over a period of five years.
During the year 2024, Mubadala continued to work to enhance its contributions to the vital business sectors in the United Arab Emirates, and played an active role as a major engine of innovation, the process of economic diversification and the provision of job opportunities, which strengthened the state’s position as a global capital and future business sectors.
His Excellency Khaldoun Khalifa Al -Mubarak, Managing Director and CEO of the group, said that thanks to the good vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State “may God protect him”, and the follow -up and the relentless supervision of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State and Prime Minister and Chairman of the Presidential Board, Chairman of the company, continues to exchange its pioneering career, and goes on year after year in achieving its goals and aspirations, And enhance the pace of the group’s strategic growth in the important business sectors.
He added that this year formed a prominent station in the march of exchange, as it completed two decades of disciplined financial performance, as an investor who plays a pivotal role in enhancing the competitiveness of the UAE in the long term.
He explained that the financial results of Mbapla for 2024 and the growth of its investment portfolio came as an embodiment of the success of the Mubadala strategy and its flexibility, and its ability to achieve revenues of risk calculated in the priority sectors.
He added that we have established our investment portfolio in a way that enables us to adapt to market variables and expand in priority future sectors, including artificial intelligence, clean energy, life sciences, semi -conductors, and advanced manufacturing, in line with our national priorities.
He stated that one of the most prominent successes in 2024 is the establishment of the company “MGX” by the Council of Artificial Intelligence and Advanced Technology in Abu Dhabi, as a leading company in the field of artificial intelligence in Abu Dhabi, in partnership between Mubadala and “G42”, and continuing to exchange work to enhance its position as a reliable investment partner.
He also said we succeeded in strengthening partnerships and cooperation relations with an increasing number of the most prominent international investors in geographical areas and important business sectors, which reflects the great confidence in our long -term business and strategy.
His Excellency Khaldoun Khalifa Al Mubarak added, “We will continue to consolidate these partnerships, enhance our investments in the fields of innovation, establish new companies in Abu Dhabi, and around the world.”
The results of Mubadala for 2024 reflect its continuous success in achieving its goals and aspirations as a sovereign investment company, aimed at achieving rewarding and sustainable financial returns for the UAE.
The following are the most prominent financial achievements .. Achieving a cumulative return over a five -year period of 10.1% and the increase in the value of the company’s assets by 9.1% on an annual basis to reach 1.2 trillion dirhams, and an increase in employing investments by 33.7% on an annual basis to reach 119 billion dirhams, and revenues from investment and the sale of assets increased by 10% on an annual basis, to reach 109 billion dirhams.
Carlos Obaid, the company’s financial president, said that the investment returned by Mubadala at a rate of 10.1% over a five -year period confirms the safety of its investment approach and discipline, the flexibility of implementing its strategy, and its focus on achieving value in the long term.
He added that the company continues to work to enhance and diversify its investments across various sectors and geographical regions, taking advantage of its strong financial position, the cost of low debt, and a disciplined debt rate of 7.8%, which provides it with a solid base that enables it to benefit from the available future opportunities.
Mubadala focuses on achieving a long -term value, in line with this approach, and as a sovereign investor, the company exports multi -year reference comparisons, reflecting its long -term strategic work approach, and Mubadala has begun since 2021 in announcing the rate of cumulative return for five years, and in 2024, it began to announce the rate of renewable cumulative return for ten years, which reached 8.7%.
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