Mubadala’s business management services unit considering IPO and acquisitions – The National

Mubadala’s business management services unit considering IPO and acquisitions – The National

A unit of Abu Dhabi's sovereign wealth fund is considering acquisitions and an initial public offering as part of its growth strategy for the future.

Mubadala Business Management Services, wholly owned by Mubadala Investment Company, rebranded as Solutions+ on Friday, and is considering acquisitions both in the UAE and overseas to boost its portfolio, chief executive Nasir Al Nabhani told The National in an interview.

The IPO plans are “in there as a strategy”, he said.