Mubadala announces senior leadership changes in the UAE investments platform

Mubadala announces senior leadership changes in the UAE investments platform

- Announcement reflects the UAE’s ongoing commitment to reaching its net-zero 2050 Strategic Initiative

Abu Dhabi, United Arab Emirates: Mubadala Investment Company PJSC (Mubadala), the Abu Dhabi sovereign investor, today announced the transition of Musabbeh Al Kaabi from his current role as Chief Executive Officer of the UAE Investments platform to Executive Director of a new Low Carbon Solutions & International Growth vertical at Abu Dhabi National Oil Company (ADNOC) as of Monday, January 16, 2023.

Al Kaabi's move follows the announcement of ADNOC's strategy to support the UAE ‘Net Zero by 2050’ Strategic Initiative. The new Low Carbon Solutions & International Growth vertical will be focused on new energies and low carbon solutions as well as international growth in areas such as gas, liquefied natural gas (LNG) and chemicals.

The entity will focus on new energies and low carbon solutions, including the company’s renewable energy and hydrogen portfolios and its position as a pioneer in carbon capture and storage, as well as international growth in gas, liquefied natural gas (LNG) and chemicals.

Commenting on the announcement, Khaldoon Khalifa Al Mubarak, Managing Director, and Group Chief Executive Officer of Mubadala said:

"Musabbeh's leadership across the UAE and international energy industry, and his decades of delivering