UAE Business: Mubadala announces senior leadership changes – Gulf Digital News

UAE Business: Mubadala announces senior leadership changes – Gulf Digital News

Mubadala Investment Company, the Abu Dhabi sovereign investor, said Musabbeh Al Kaabi will take over as Executive Director of a new Low Carbon Solutions & International Growth vertical at Abu Dhabi National Oil Company (Adnoc). Al Kaabi is currently CEO of the UAE Investments platform. The transition will take place on 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.

Leadership role

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 investments and partnerships that advance national economic priorities, uniquely position him for this senior leadership role at Adnoc.

"We at Mubadala are grateful for