UAE Business: Mubadala logs record TCI of $33.22bn in 2021, best ever year – Gulf Digital News

UAE Business: Mubadala logs record TCI of $33.22bn in 2021, best ever year – Gulf Digital News

Mubadala Investment Company, an Abu Dhabi sovereign investor with an asset portfolio of AED1 trillion ($270 billion), recorded in 2021 its strongest year in its 20-year history, with double-digit returns across all asset classes.

The company made a record total comprehensive income (TCI) attributable to the owner of AED122 billion ($33.22 billion), compared to AED72 billion in 2020. At year end, assets under management across the group stood at AED1.045 trillion compared to AED894 billion in 2020.

Mubadala invested AED125 billion during 2021 in key sectors in the UAE and internationally. In the UK, Mubadala invested AED2.5 billion in CityFibre, the UK’s largest independent fibre infrastructure platform, and expanded an existing partnership with Bpifrance with €4 billion to invest in developing French enterprises with proven growth potential, and high growth technology sectors in France.

Milestones

The company’s 2021 milestones included GlobalFoundries IPO on the Nasdaq, Yahsat’s IPO on the ADX, and developing Masdar into a new clean energy champion for Abu Dhabi under a new structure.

Growth was supported through investment returns, monetising certain assets and new partnerships. Mubadala listed its wholly owned semiconductor manufacturing company, GlobalFoundries, on the Nasdaq, valuing the company at nearly $26 billion in one of the biggest flotations of 2021