Technology and healthcare investments take centre stage Mubadala CEO says

Technology and healthcare investments take centre stage Mubadala CEO says

Mubadala Investment Company, Abu Dhabi's strategic investment arm, is looking to diversify its asset base as it continues to pivot to disruptive industries and ramps up investments in technology and healthcare.

A shift in the fund's strategy means more selldowns in “legacy commodity sectors” either through market listings or private placements, Khaldoon Al Mubarak, group chief executive of Mubadala told the Financial Times.

The company's asset diversification and monitisation strategy includes its previously announced initial public offering for Emirates Global Aluminium, the UAE's biggest industrial company outside the oil and gas sector.