mubadala development company
abu dhabi –mubadala development company (mubadala) today announced that the advanced technology investment company (atic) has become a wholly owned business of mubadala .
mubadala development company (mubadala), the abu dhabi - based investment and development company, today announced the advanced technology investment company (atic) – the entity it established in 2008 – will become mubadala technology .
2006 copilots in success piaggio aero celebrates a strategic new partnership with mubadala development company .
abu dhabi (uae) - mubadala development company (mubadala), the abu dhabi - based investment and development company, today published its full year 2016 audited financial results, and operational highlights from the period. the results reflect the last operational year for mubadala development company before it evolves, in may 2017, into mubadala investment company .
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mubadala investment company was recently formed by the merger of mubadala development company and international petroleum investment company (ipic). khaldoon khalifa al mubarak is the new managing director and ceo of the newly created company, as announced earlier .
as the head of social development and sponsorship at mubadala development company, amina taher is responsible for the organization’s community outreach, youth empowerment initiatives and sponsorship portfolio .
khaled is the executive director of human capital at mubadala development company, with responsibility for performance management, learning and development, employee career growth, talent acquisition and emiratization .
the merged companies – mubadala development company and international petroleum investment company – will form a new entity known as mubadala investment company, which will have assets totalling $ 125 billion, based on valuations made at the end of 2015 .
hamed alharthi is a senior officer, group communications, at mubadala development company and a tv presenter at dubai media incorporated .
nizar luqman is a senior advisor for uae nationals development at mubadala with oversight of the company’s emiratization strategy and implementation criteria .
mubadala development company established its gmtn program in 2009, through mdc - gmtn b. v. , as part of its commitment to diversify the group’s funding sources. mdc - gmtn b. v. is wholly owned and irrevocably guaranteed by mubadala development company .
as part of its ongoing effort to diversify sources of funding, mubadala development company established its euro commercial paper (ecp) program .
abu dhabi: the merger of mubadala development company and international petroleum company (ipic) is set to be concluded in “a matter of weeks, ” mubadala ceo khaldoon al mubarak said on thursday in abu dhabi .
mubadala investment company, the sprawling strategic development company created by the merger of mubadala development and international petroleum investment compay (ipic), will take the next step in its integration path when it announces, as early as today, the top executive layer below its board .
mubadala is a dynamic and innovative company helping shape the future of abu dhabi .
strata is one of mubadala investment company’s industrial assets in the uae. courtesy strata
the company said that the new company organisation ­formally takes effect in may this year .
mubadala investment company has set out its new corporate divisions and its leaders as part of the us $ 122 billion merger of mubadala development and the international petroleum investment company (ipic), which was announced last summer .
both mubadala development company and ipic are committed to providing stakeholders with detailed financial information at both the full and half - year stage. mubadala development company first published annual and semi - annual consolidated financial statements in 2009, while ipic first published its consolidated financial statements in 2007 .
the merger of mubadala development company with the international petroleum investment company (ipic) is proceeding to schedule, and the new entity, mubadala investment company, is due to commence operations in may 2017. the new entity will have an asset base of $ 125 billion .
abu dhabi, 8th march, 2016 (wam) - - mubadala development company, the abu dhabi based investment and development company, and boeing [ nyse: ba ] today announced a new strategic agreement for collaboration on research and development (r & d ;) initiatives to further expand aerospace manufacturing capabilities in the uae .
established in 1984, international petroleum investment company (ipic) was created to advance abu dhabi’s natural petroleum wealth for the development of the emirate. mubadala development company followed in 2002 to further diversify the economy. both swiftly flourished into active worldwide investors across multiple sectors .
abu dhabi' s mubadala development takes control of atic, the government' s main technology investment vehicle .
mubadala development company’s credit ratings are a reflection of the continuing support offered by its sole shareholder, the government of abu dhabi, and are aligned accordingly .
our reputation is based on solid performance and transparency. both mubadala development company and ipic have among the highest credit ratings in the region and publish ifrs audited and consolidated financials .
the abu dhabi government has transferred ownership of its main technology investment vehicle to mubadala development in a move that could ease financing for the development of a high - tech manufacturing cluster in the capital .
rolls - royce and mubadala development company, the abu dhabi - based investment and development organisation, have announced further details of a new approved maintenance centre (amc) in the emirate and confirmed plans for a manufacturing facility that will produce aero engine components .
atic is wholly owned by mubadala development, a strategic investment company owned by the abu dhabi government, and was founded to help diversify the emirate' s economy and create jobs .
mubadala takes ownership of minesa, a colombian company focused on developing a world - class gold mining operation .
the new mubadala investment company will name division heads, giving an indication of how it sees its future .
mubadala’s oil and gas unit, which later becomes mubadala petroleum, acquires pearl energy from aabar, including a portfolio of operated exploration, development and production assets in southeast asia .
support the development and implementation of a clear statement of mubadala group overall risk appetite that will be reviewed on an ongoing basis .
as an affiliate of mubadala development company, piaggio aero will display its p180 avanti ii at the first edition singapore airshow. the airshow is being held from 18 through 24 of february 2008 .
mubadala is committed to ensuring the highest professional and ethical standards across the mubadala group and its business partners .
indra sistemas sa. said it has signed a preliminary agreement with abu dhabi' s state - owned investment vehicle, the mubadala development company, to develop joint ventures for technology projects and products .
belhoul is masdar’s chief executive officer, overseeing the company’s strategic direction and development at the leading edge of the renewable energy and clean technology sector .
expected to begin operations in may this year, the total assets of mubadala investment company stand at $ 125 billion .
standard & poor' s ratings services said yesterday the credit ratings on mubadala development and globalfoundries singapore were unaffected by the integration of atic .
mubadala investment company will be run by khaldoon al - mubarak, who will serve as chief executive officer, a wam report said, which also added that a board had been formed. mubarak was previously the chief executive of mubadala development company. he also sits on a number of other boards, the report said .
mubadala leads the development of a state - of - the art new campus for uae university, the first comprehensive national university in the country .
expanding this visionary heritage of excellence, mubadala investment company was created in 2017 as a global investment powerhouse for abu dhabi .
prior to his tenure with mubadala aerospace, he was an advocate and legal consultant at habib al - mulla and company .
mubadala investment company formed by the merger of two abu dhabi state owned entities on thursday announced that its board has endorsed the new structure for the company. the board of directors of investment company also announced the senior management team under the newly created platforms .
the mubadala board of directors annually reviews and approves the company’s strategic direction and business plans on behalf of the government of abu dhabi .
today, mubadala investment company operates across a diverse portfolio spanning more than 30 countries globally, continuing the vision of our founding father .
mubadala investment company’s total assets stood at $ 122bn at the end of june last year, according to calculations based on unaudited accounts .
r & d is the one area of investment most tangibly and directly tied to innovation ,
says sami issa, the executive director of technologies ecosystem at the advanced technology investment company (atic), a subsidiary of mubadala development, a strategic investment company owned by the abu dhabi government .
trafigura group subsidiary impala and mubadala development company pjsc today signed an agreement with mmx to become shareholders of the sudeste superport in brazil. the agreement follows on the memorandum of understanding the three parties signed on september 10, 2013 .
the mou provides the general framework upon which mubadala development and shell will form the alliance, which is expected initially to focus on the middle east and north africa, outside abu dhabi. areas of cooperation are likely to include the economic development of new and existing hydrocarbon resources, and the research and development of economically viable and environmentally acceptable energy solutions .
the core of the legacy mubadala development mission was to foster nascent industries and fund and develop abu dhabi – and to a small extent, international – infrastructure .
the merger comes in the wake of mubadala development not receiving new cash from the uae government in 2015 – the first time this has happened in eight years .
the investment committee is responsible to the board for developing and monitoring mubadala’s investment strategy, for the overall performance of mubadala and for managing mubadala’s business, as defined by the investment committee charter .
board positions: chairman of national health insurance company (daman) and mubadala pramerica real estate investors; managing director of tabreed; board member of mubadala ge capital, mubadala petroleum, atic, health authority – abu dhabi, finance house and abu dhabi motorsports management .
the board of directors is responsible for mubadala’s strategic direction, oversight and corporate governance, ensuring the business delivers on the government of abu dhabi’s development and diversification priorities .
brussels, seattle, abu dhabi, july 11, 2016 - - - solvay and mubadala development company, the abu dhabi - based investment and development company, are further strengthening their solid strategic relationship with a new joint venture that will deliver advanced composite materials for the empennage and floor beams of boeing’s new 777x program. the announcement was made today at the 50th edition of the farnborough international airshow, united kingdom .
during her time at mubadala, she has been involved in developing and managing human capital operations, performance management, professional development & competency models, and employee relations & coaching. laila has led several hr change management initiatives across mubadala .
mubadala development company (mubadala) is a catalyst for the economic diversification of abu dhabi. established and owned by the government of abu dhabi, the company’s strategy is built on the management of partnerships and long - term, capital - intensive investments that deliver strong financial returns and tangible social benefits for the emirate of abu dhabi, and contribute to the growth and diversification of its economy .
badr al - olama, a senior vice president for mubadala aerospace since 2005, is the chief executive at strata manufacturing pjsc – a wholly - owned advanced composite aerostructures manufacturing facility based in al ain. in his role with mubadala, badr was responsible for the development of nibras – the al ain aerospace park which is a joint initiative between mubadala aerospace and abu dhabi airports company .
we are a diverse community of professionals at mubadala. the experience of our people paints a journey of their time and growth with our company. hear more about what it' s like to work at mubadala .
a company comprised of assets from mubadala, tawazun and emirates advanced investment group, emirates defense industries company (edic) is established to bring together the capabilities of the uae’s defense manufacturing and services into a single integrated platform .
the development of an advanced technology ecosystem in abu dhabi, anchored by the semiconductor sector, is a critical aspect of the abu dhabi economic vision 2030 framework that guides the emirate' s development .
hh general sheikh mohammed bin zayed al nahyan attended today a ceremony held at his palace to sign a memorandum of understanding (mou) between mubadala development company, a wholly - owned investment and development vehicle of the government of the emirate of abu dhabi, and shell ep international ltd, which is intended to lead to the formation of a strategic alliance .
the safe investment company is the hong kong branch of the chinese ...
mubadala and ge successfully completed the sale of 98% of the mubadala ge capital portfolio after ge’s decision to exit from its global capital business .
mubadala investment company is 100% owner of piaggio aerospace. a shareholder in piaggio aerospace since 2006, mubadala participated in a share capital increase in 2013, boosting equity in support of an industrial plan that focussed on developing existing core activities and introducing new programs to bring the company in line with industry requirements .
the business unit heads under the alternative investment platform – health care; capital; and real estate and infrastructure – remain unchanged from the legacy mubadala company .
mubadala investment company was established to realize the vision of the founding father of the united arab emirates - - the late sheikh zayed bin sultan al nahyan. central to this is the growth and development of the economy, which lays the foundation of a thriving nation .
prior to joining mubadala, he was the chief executive officer of strategy and tourism sector development at the dubai department of tourism and commerce marketing, where he played a prominent role in developing dubai’s tourism 2020 strategy. he was also an advisor with mckinsey & company .
board level human resources and organizational development professional with over 23 years experience working with multinationals on; ...
mubadala increases its stake in advanced micro devices, a us - based semiconductor company that designs and integrates technologies for intelligent devices, to 19. 3% .
laila saif has been a member of the mubadala human capital team since 2008. she is currently an hr director at edic (emirates defence industries company) .
we are in discussions to buy a stake in the john buck company ,
carlos obeid, chief financial officer (cfo) of mubadala, told a news conference in abu dhabi on sunday, without giving further details. mubadala said in a statement it had set up a new real estate company with chicago - based the john buck company to develop projects in abu dhabi and the middle east .
the international petroleum investment company (ipic) is a government - owned ...
bringing atic under the wing of mubadala, a strategic investment company owned by the abu dhabi government, could be a first step toward helping the company to raise funds from international investors to pay for a planned technology cluster near abu dhabi international airport .
mubadala acquired a 2% stake in british petroleum as part of the agreement for bp to hold a 10% interest in abu dhabi company for onshore petroleum operations .
ipic and obib, the austrian state holding company, become the two core shareholders of omv, an integrated, international oil and gas business and austria’s largest listed industrial company .
a key question for the merged company is how aabar properties might be combined with mubadala’s real estate portfolio. also, though ipic recognised its 35 per cent in arabtec as a controlling holding, the new company is likely to treat it as an investment .
omv enhances its position in norway through an investment in stat oil, a leading international energy company. the transaction increases omv’s working interest in exploration and production, as well as opening up key development opportunities .
connect with us on linkedin to find out about mubadala' s latest updates .
ali is the executive director of mubadala real estate & infrastructure, managing the company’s interests in social and commercial infrastructure projects that support abu dhabi’s future growth and economic diversification .
as mubadala’s chief executive officer and managing director, khaldoon is responsible for ensuring that the company’s business strategy is aligned with its efforts to diversify the economy of abu dhabi .
ipic contributes cepsa’s latin america focus to the new company’s upstream portfolio. desiree martin / afp
locally, the company has a stake in the uae - based construction giant, arabtec .
mubadala press release states ,
abu dhabi, uae, may 31, 2009 - general electric (nyse: ge) and mubadala development company today announced the signing of their commercial finance joint venture agreement and establishment of a regional training center for next - generation business leaders, demonstrating significant progress on key aspects of a broader strategic partnership forged by the companies last year .
saoud ahmed karmastaji is an assistant manager at mubadala development company, where he is involved in managing various community, educational and sports projects, which aim to have a positive impact on the emirati community. prior to his role at mubadala, saoud was project coordinator at tawteen, emirates foundation for two years, where he managed the tawteen leadership academy and tawteen graduate program .
in this role, amina has spearheaded the development of weyana, mubadala’s youth platform, designed to engage emirati youth through a series of initiatives and events that prepare them to participate in the country’s future .
dr. abdulla al beshr is the policy planning and strategy development division director at abu dhabi tawteen council (adtc) .
“this marks an important milestone for the new company. committees comprised of mubadala and ipic leaders, have worked very hard over the past six months to put in place a proposal for a structure that will best serve the new company’s mandate, ” stated al mubarak .
but the new layer of divisional chiefs will be the first clear indication of how the company, with combined assets of about us $ 122 billion as of last june, will reorganise itself for future growth and development .
prior to joining mubadala, nizar established abu dhabi vocational education and training institute and was its executive director. nizar held different positions in talent and leadership development and taught chemical engineering at the higher colleges of technology .
abu dhabi’s new strategic investment company sets up four investment platforms with petroleum & petrochemicals the largest .
mubadala’s revolving credit facility (rcf) successfully closed at the end of may 2016 .
hasan joined mubadala in 2007 and is currently the chief administrative officer of cleveland clinic abu dhabi, in addition to overseeing the hospitality portfolio of mubadala real estate & infrastructure .
support the development and implementation of functional policies, systems, processes and procedures, and continuously identify and recommend improvements to ensure compliance with mubadala’s standards and regulatory requirements, align to business requirements, and increase operational effectiveness .
globalfoundries announced a new $ 500 million research & development program with new york state’s suny polytechnic institute to accelerate next generation chip technology development. the company further expanded its presence globally across all of its sites to meet growing customer demand, including building on its operations in china with plans for a new 300mm fab using production - proven technology from its singapore site .
mubadala will create the jv through its advanced aerostructures company, strata manufacturing. located in abu dhabi’s capital of al ain, the jv will promote the establishment of a sustainable aerospace industry .
mubadala investment company will operate across four investment platforms: petroleum & petrochemicals; technology, manufacturing & mining; aerospace, renewables, information & communications technology; and alternative investments & infrastructure .
participate in the review of employee engagement results and the development and implementation of agreed action plans to establish a motivated and engaged workforce .
“with common executive leadership and the government of abu dhabi as shareholder of both organizations, atic’s integration into mubadala will further drive the creation of innovative industries for the benefit of abu dhabi and the uae, ” said waleed al muhairi, coo of mubadala. “the development of an advanced technology ecosystem in abu dhabi, anchored by the semiconductor sector, is a critical aspect of the abu dhabi economic vision 2030 framework that guides the emirate’s development. ”
abu dhabi’s new strategic investment company sets up four investment platforms “of significant scale”, the company said, with “petroleum & petrochemicals” accounting for 31. 1 per cent of the group and incorporating the main assets of ipic, as well as mubadala petroleum’s mainly asia - focused upstream portfolio, and it will be led by musabbeh al kaabi, who was previously the head of mubadala petroleum .
production commences at the nong yao oil field operated by mubadala petroleum in the gulf of thailand; the additional production makes mubadala petroleum the second largest crude oil producer in the country .
before joining mubadala, ali worked as a projects associate for the uae offsets programme bureau .
press release states ,
sikorsky aerospace services and the mubadala development company today announced
the signing of a heads of agreement (hoa) to form a joint venture that will establish an aviation military maintenance repair and overhaul (mro) center serving the united emirates armed forces and other military aircraft throughout the middle east and north africa. mubadala is a leading business development and investment company headquartered in abu dhabi, united arab emirates. sikorsky aircraft corp. is a subsidiary of united technologies corp. (nyse: utx) and the parent of the sikorsky aerospace services aftermarket business, which will have a leading role as a partner in the new venture .
dr. aisha is a newspaper columnist and lecturer on various topics including cross cultural studies and the development and empowerment of women and youth .
infrastructure and real estate were combined in the legacy mubadala company, which included segments such as the development of al maryah island and global market square, which abu dhabi is developing to be one of the region’s financial services hubs. it includes hotels in that development, namely the rosewood and four seasons, as well as the viceroy group of hotels. it also contains public private partnership projects, including various universities such as the paris - sorbonne abu dhabi on reem island .
mubadala petroleum is a leading international, upstream oil and gas exploration and production company. we manage assets and operations spanning nine countries with a primary geographic focus on the middle east and southeast asia .
no credit impact for etisalat, mubadala or ihs after emts' interest payment miss: doesn’t constitute a default for etisalat or mubadala. ihs remains a favoured emts creditor in our view .
board positions: chairman of alsowah square properties, global capital and development sdn bhd, viceroy hotel group and rosewood hotel abu dhabi; vice chairman of aldar properties; director of mubadala capitaland and real estate and vagaru holdings pvt ltd .
wsj reports that ,
abu dhabi' s mubadala development co. said wednesday it' s appointed steve peacock, a former top middle east executive at u. k. oil major bp plc to help oversee its oil and gas unit. peacock, who was middle east president for exploration at bp, has taken over as chief operating officer for mubadala oil & gas, a spokesperson for the company told zawya dow jones .
abu dhabi’s mubadala investment has sold 3. 9% of its stake in the chip maker .
the national reports that ,
mubadala development, the government’s investment arm, has signed a deal to form a partnership with the italian aerospace company finmeccanica to build components for civilian aircraft. alenia aeronautica, a subsidiary of finmeccanica, will supply technology, technical assistance and specialised training while providing support to develop the manufacturing processes needed for international industrial certifications .
ipic makes a strategic acquisition in petrochemicals company, nova chemicals; today, the company is ranked among north america’s leading producers of plastics and chemicals, and since joining the ipic portfolio has increased ten - fold in value .
according to fitch ratings ,
fitch ratings has today affirmed mubadala development company pjsc' s (mubadala) long - term issuer default rating (idr) and senior unsecured rating at' aa' respectively. the abu dhabi - based diversified development and investment group' s short - term idr has been affirmed at' f1 +'. the outlook for the long - term idr is stable. the rating affirmation also affects mdc gmtn b. v.' s (mdc) global medium - term note (gmtn) programme with usd1. 85bn of notes outstanding which remains rated at' aa' .
mubadala and russian direct investment fund establish a us $ 2 billion co - investment fund to pursue opportunities in russia. in subsequent years, mubadala also establishes similar sovereign investment partnerships in france and china .
atic ceo ibrahim ajami will become the head of mubadala technology, part of the company’s overall technology and industry platform, as well as chief strategy officer of globalfoundries. the technology & industry platform is one of four key areas of investment focus for mubadala, along with energy, aerospace & engineering services and emerging sectors .
mubadala group cfo, carlos obeid, said: “as planned, we prudently managed our portfolio in 2016 to reduce our leverage, maintain a strong cash position and monetize assets at the right time. the result will be a strong balance sheet as we look ahead to starting operations in may as mubadala investment company. ”
a published author of ‘just read it’, an entrepreneurial guide to self - development, omar also serves as managing partner in his own gentleman’s salon enterprise .
mubadala also pledged to more than double its stake in amd, which is listed in the us. it owned 15. 69 per cent of the company as of the end of last march, according to bloomberg .
if you become aware of any potentially illegal, unethical, or improper conduct taken or suspected by a mubadala group company, employee, affiliate, customer, and / or supplier, or if someone purporting to be associated with mubadala has made unsolicited contact with you, please report it to us via the compliance helpline at .
ipic’s managing director, suhail al mazrouei, who is also the chairman of mubadala petroleum and the uae’s energy minister, will sit on the board of mubadala investment company and said in november, when setting out the vision for the new group, that it made strategic sense to combine all the energy assets under one umbrella .
mubadala and trafigura create a joint venture to invest in base metals, including copper and zinc. as part of the agreement, mubadala acquires a 50% stake in trafigura’s flagship spanish mining operation, matsa .
before joining mubadala, khaled worked at international capital where he was the chief investment officer. prior to this role, he was head of corporate finance and business development at national bank of abu dhabi, where he focused on developing the bank’s investment banking capabilities .
under the mubadala delegation of authority, the board delegates aspects of its authority for executive management to the group chief executive officer and managing director, khaldoon khalifa al mubarak, as well as to mubadala’s investment committee .
strong knowledge of operational, financial, strategic and compliance risk in one or more of mubadala’s key sectors .
mubadala is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long - term benefit of abu dhabi. as abu dhabi’s leading strategic investment company, mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for our shareholder, the government of abu dhabi .
as fitch has previously stated, the agency has applied its parent and subsidiary rating linkage methodology in rating mubadala, as it believes that a strong relationship exists between the company and the emirate of abu dhabi (abu dhabi, rated' aa' / stable). as such, mubadala' s rating is aligned with abu dhabi' s sovereign rating. mubadala is at a relatively early stage in its development and is investing substantially in new projects. as a result, it is currently experiencing strong growth, and its capital and investment expenditures are comparatively high in relation to its revenues and operating income .
board positions: chairman of abu dhabi ship building company, strata manufacturing, maximus air cargo, abu dhabi aircraft technologies, advanced military maintenance, repair and overhaul center (ammroc) and adasi; board member of mubadala petroleum, abu dhabi future energy company (masdar), abu dhabi aviation, royal jet, globalfoundries and piaggio aero industries spa .
a liability is defined as a company' s legal financial debts or obligations that arise during the course of business operations .
he is responsible for employee career growth, talent acquisition, learning and development, performance management, emiratization and oversees the delivery of a variety of business support services .
the senior vice president – enterprise risk management will support the development and manage the implementation of the enterprise risk management strategy, framework, and processes to provide a comprehensive assessment of the company - wide operational, strategic, and financial risks, and ensure that the platforms and corporate functions implement appropriate mitigation and risk management measures to protect mubadala group against major adverse events, and support in achieving its objectives .
ahmed al calily, who previously had been in charge of the legacy mubadala energy platform – which in the old organisation included masdar, as well as mubadala petroleum – will be the new group’s chief strategy and risk officer .
khaled is also a member of mubadala’s investment committee. the committee is mandated to develop the organization’s investment policies, establish guidelines and review all proposed projects and investments to ensure that they are in line with mubadala’s business objectives .
provide input into the development of a risk management strategy and framework that will enable the integration of risk management into the business management rhythm ensuring transparency and effective decision - making .
he is a human resources specialist with more than 30 years of experience in job design, organizational development and compensation and benefits. prior to joining adtc, he was the head of human resources & adminstration at commercial bank international (cbi) for four years. dr. al beshr’s was also the head of job design at abu dhabi company for onshore oil operations (adco) where he established the development, implementation and maintenance of the corporate job design system and process of adco .
the mubadala code of conduct sets forth standards for business conduct that will allow mubadala to execute against its mandate without compromising its commitment to integrity and the law. it also provides the foundation for the ethics & compliance program. the code covers how to maintain an ethical culture to ensure that mubadala personnel are doing the right thing, the right way .
mubadala continued to develop al maryah island, opening the four seasons hotel abu dhabi, adding 200 five - star rooms to abu dhabi’s business and lifestyle destination. mubadala capital also relocated to abu dhabi global market square on the island .
jointly created by mubadala and abu dhabi airport company (adac), nibras al ain aerospace park is launched as a catalyst for the growth of a global aerospace cluster in abu dhabi; it is expected to create 10, 000 jobs by 2030 .
it’s a dynamic company, full of passionate people who believe in continuously building their professional skills and encouraging others to do the same .
learn about net tangible assets, what it measures and how to calculate a company net tangible assets using examples. read answer > >
aabar investments makes its initial investment in virgin galactic, a company focused on developing spacecraft that will provide suborbital flights to space tourists .
following the merger of mubadala and ipic, al khaldoon said that the new company will be “more interested in the upstream production side than the exploration side of oil, ” whilst he anticipated the oil price staying between $ 50 and $ 60 a barrel .
before joining tabreed, al suwaidi was a senior vice president and head of human capital employee and assets relations in mubadala, where his role included the development and implementation of recruitment and selection strategies, the creation of an emiratization strategy and optimizing human capital policies and procedures to enhance employee performance and engagement .
solvay and mubadala are creating a 50 / 50 joint venture to supply carbon fiber pre - impregnated (prepreg) composite materials to support the 777x needs. the new company will be located in the united arab emirates (uae) and is expected to be operational by 2021. today’s announcement follows the strategic partnership both companies established in 2013 to reinforce the development of the abu dhabi aerospace industry and to strengthen the creation of prepreg manufacturing capabilities .
emirates aluminium and dubai aluminium join to create emirates global aluminium, a leading aluminium company with interests across the value chain, from bauxite mining through to alumina refining and primary aluminium smelting. the company’s creation makes the uae one of the largest primary aluminium producers in the world .
laila is a graduate of the hr leadership program with ge capital. during her 2 - year tenure with ge she has held a hr generalist role in mubadala ge capital, and has been involved with compensation & benefits and organization & talent development teams in each of ge capital germany and ge capital uk .
atic has invested dh100m over the past four years in r & d and university grants. the mubadala - owned company is heavily involved in the semiconductor industry having acquired the silicon chip manufacturer globalfoundries, now the world' s second - biggest producer of semiconductor chips .
leaseplan press release states ,
today leaseplan announces that fleet investments b. v. , an investment company of the german banker friedrich von metzler will become a 50% shareholder of leaseplan. this transaction follows the decision end 2008 of both mubadala development company and the olayan group to divest their 25% stakes in leaseplan. subject to approval of the relevant anti - trust and supervisory authorities, the transaction is expected to close in the autumn of 2009. volkswagen, which continues its 50% interest in leaseplan, has reconfirmed the high strategic importance of multi brand fleet management for their group .
moving atic under mubadala' s umbrella will have
no impact
on atic' s management, mubadala said in a statement. ibrahim ajami is to continue as the chief executive of atic, and mr al muhairi will stay as the chairman .
except, that is, for the scientists busy at work in the world' s research and development (r & d) labs, which help drive the future of high - tech .
if the question at the heart of technology development is efficiency, the answer may lie in focused innovation. at the advanced technology investment company (atic), we have partnered with the semiconductor research corporation, a leading university - research consortium, to drive local innovation in exactly this area - what we call minimum energy electronic systems .
the advanced technology investment company plans to increase its stake in chip - maker globalfoundries to above 90 per cent by the end of the year .
ipic acquires a 4. 1% stake in power company energias de portugal, a leading generator, distributer and supplier of electricity in portugal .
for the second consecutive year, gem receives the maritime safety and security award, recognizing the company’s top - tier safety and security improvement initiatives .
homaid is chief executive officer, aerospace & engineering services, with oversight of mubadala’s aerospace, communications technology and defense services portfolios .
i joined mubadala in 2015 as senior vice president in the internal audit unit with responsibility for quality assurance and continuous ...
one of the key questions here is what will happen to globalfoundries, the wholly - owned subsidiary that is a major part of the portfolio and lately has been substantially loss - making. the company is one of the world’s largest silicon chip makers – for clients such as apple. mubadala’s spokesman has said that it remains committed to the company, but some have questioned its strategic value since it was acquired in 2009 .
khaled al qubaisi, who previously was the head of human capital at the mubadala legacy company, will run the aerospace, ict and renewables division, swapping roles with homaid al shimmari, who will be the head of human capital in the new company. like mr al muhairi, mr al shimmari will also have the added role of deputy chief executive under khaldoon al mubarak, the group chief executive and managing director .
alsaabri joined du from dubai aluminium company (dubal), where he served as the head of national programs and development. he holds a higher diploma in business information technology from sharjah’s higher colleges of technology. over the years, he has built up considerable expertise in leadership and management skills, especially in the fields of hr and emiratisation .
reem al zaabi is a process engineer for globalfoundries, the semiconductor manufacturing company owned by atic. working at the company’s fabrication facilities in dresden, germany, her role is to identify improvement potential, work in interdisciplinary teams, understand defect mechanisms, improve yield prediction and train new manufacturing engineers .
the involvement of mubadala and atic with amd has come at a critical time for the company' s chip - making and design business. it is struggling with intel and other players in the industry to stay at the fore as technologies and manufacturing processes evolve and are streamlined .
alsaabri also oversees du’s other initiatives such as summer internships, university sponsorships and scholarships, as well as managing the development, implementation and execution of all national recruitment operations and career - focussed events .
an aerial view of the microchip manufacturer globalfoundries' new york fabrication plant. the company is owned by abu dhabi' s atic. photo courtesy globalfoundries
the company, which is wholly owned by abu dhabi' s advanced technology investment company (atic), is building a 90, 000 square feet extension to the fabrication cleanroom, the place where silicon wafers are treated, following strong demand for the 28 nanometre (nm) nodes it produces .
the move reflects the growth and maturity of globalfoundries, now the world’s second - largest semiconductor manufacturing company, which was established by atic in 2009 .
mubadala petroleum is established as a world - class oil and gas exploration and production company that will contribute to the uae' s energy security and extend the nation' s hydrocarbons expertise; today, it has interests in eight countries, including a number of assets in southeast asia .
it is announced that mubadala will hold a us $ 2. 2 billion stake in bp on behalf of the abu dhabi government .
furthering commercial and governmental ties between the uae and algeria, cepsa and borealis sign agreements to promote further development of the algerian industrial sector. cepsa enters into a global agreement with algerian company sonatrach to renew and extend cepsa’s upstream presence in the north african country, while borealis and asmidal sign a memorandum of understanding to jointly evaluate opportunities for melamine production .
rick bergman, the senior vice president of amd, said the company' s new micropocessor would be available globally next month. andrew henderson / the national
ipic acquires an interest in aabar investments pjs, an abu dhabi - based diversified investment company active in real estate, financial services, commodities and aerospace .
1937 engineering the future the p. 108 is unveiled. the company’s first four - engine aircraft, it embodies the evolving ambition of the piaggio brand .
previously, she was a senior analyst in the corporate planning department of dolphin energy limited, the company supplying gas from qatar to the uae, and was involved in finalizing gas sales to the northern emirates. she has also served as a market analyst at the abu dhabi national oil company (adnoc) .
a key question is what the new company chooses as its private equity platform. already, rumours have swirled about a multibillion - dollar tie up with ardian, a french investment firm, and softbank, masayoshi son’s technology investment outfit. the standard answer to date from mubadala spokesman brian lott has been: “mubadala is still in discussions with a number of world - class investment firms to create an investment vehicle for private equity deals” .
al khaldoon though refused to confirm reports from last week that mubadala was preparing to invest up to $ 15 billion in softbank’s technology fund .
amina joined mubadala in 2010 working with the asset communications team on developing communications programs and conducting stakeholder research for a number of assets including mubadala ge capital, emal and masdar. she supported the launch campaign for satellite operator yahsat, the first fixed satellite operator from the uae .
the two companies, which have combined assets of $ 130 billion (dh477 billion), with ipic and mubadala having $ 65 billion each, are involved in what al mubarak described as “the largest merger in the history of the uae, in terms of the size of the company we’re creating” .
business 24 - 7 reports that ,
mubadala plans to triple its asset base from dh54 billion to dh162bn in five years and is likely to announce a bonds issue for the united states and british markets shortly, its chief operating officer revealed yesterday. the abu dhabi - based investment company is likely to consider using contributions of equity from the government, debt and revenues to boost its assets, said waleed al mokarrab al muhairi, who is also director - general of the abu dhabi council for economic development .
what began as a us $ 4 billion project has grown to one that will be worth some $ 8. 5bn once construction of the extension and a separate technology development centre (tdc) is completed towards the end of next year. the tdc will become globalfoundries' main research and development centre and will also have the capability to produce 28nm nodes. the site is set to create an additional 1, 000 jobs .
masdar city is established as an innovative eco - city focused on sustainable urban development. the city’s nucleus is masdar institute, a research university dedicated to cutting - edge solutions in the fields of energy and sustainability .
previously, abdulla was a vice president at mubadala' s real estate & infrastructure unit, where he supported the division’s primary objective to develop and grow mubadala’s domestic and international real estate, infrastructure and hospitality portfolio, focusing on social infrastructure projects and real estate investment opportunities that are central to abu dhabi’s long term development plans. additionally, abdulla led the team responsible for the delivery and operations of al maryah island, abu dhabi' s central business district, inclusive of all the assets within .
ipic increases its ownership of cepsa, spain’s leading energy company, to 100% , in line with its focus on expanding its oil exploration and production footprint .
the manufacturing centre at the same site will produce discs for the trent xwb, with capability to make similar parts for other trent engine types. it is expected to start operations in 2018. rolls - royce and mubadala have also reached agreements to enter into a number of manufacturing development projects to support mubudala’s goal to become a tier 1 aerospace industry supplier .
mubadala is focused on developing and managing an extensive and economically diverse portfolio of commercial initiatives. its commercial strategy is based on long term capital intensive investments that deliver strong financial returns. the company manages a multi - billion dollar portfolio of local, regional, and international investments, projects and initiatives .
mubadala establishes cognit, a joint venture with ibm watson, to provide ibm’s cognitive computing system, watson, to organizations in the mena region .
before joining mubadala, homaid was a lieutenant colonel in the uae armed forces, with involvement in military aviation, maintenance, procurement and logistics .
in 2015, rolls - royce invested £1. 2 billion on research and development. we also support a global network of 31 university technology centres, which position rolls - royce engineers at the forefront of scientific research .
which is owned by the government of abu dhabi. established in 2012, incorporating and building on the success of mubadala’s existing investments in the oil and gas sector, we are today a strategic pillar for the petroleum and petrochemicals platform within mubadala, targeting growth and building a world class business .
group ceo and managing director khaldoon khalifa al mubarak said: “our strong financial performance in 2016 reflected our diversified portfolio, with results from opportunistic investments in strategic sectors and prudent monetization of mature assets. in line with our long - term strategy, we continue to develop and grow world - class companies in key sectors, contributing to the uae’s economic diversification. we are well - positioned to build on the legacies of both mubadala development company and ipic as we look ahead to operating as a newly merged entity in may of 2017. ”
the advanced technology investment company (atic) was created in 2008. a technology investment company wholly owned by the government of abu dhabi, atic is focused on making significant investments in the advanced technology sector, both locally and internationally. its mandate is to generate returns that deliver long - term benefits to the emirate of abu dhabi .
he was formerly a vice president within mubadala industry, where he managed multi - billion dollar investments and stakeholder relationships in the metals and mining sector .
he is also the general counsel at mubadala healthcare. since joining mubadala in 2010, he has held various roles, including at yahsat and as general counsel of mdc business management services. he is a california - licensed attorney with 13 years of experience in complex transactions, litigation and corporate governance .
the agreement was signed by his excellency khaldoon khalifa al mubarak, chief executive officer, mubadala development, and malcolm brinded, executive director of shell exploration & production. he khaldoon khalifa al mubarak said today: “the signing of the memorandum of understanding with shell is in line with our objective to partner with the best in the business and build a substantial oil and gas portfolio in the region and internationally. mubadala looks forward to developing many exciting business opportunities with shell in the middle east and north africa, and elsewhere. ”
mubadala development company pjsc ( mubadala ) is a state-owned holding company that can be characterized as a national wealth fund . it was established in october 2002 as a public joint stock company and is a wholly owned investment vehicle of the government of abu dhabi , in the united arab emirates . mubadala ’s mandate is to facilitate the diversification of abu dhabi ’s economy . its focus is on managing long-term , capital-intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate . 
mubadala development company pjsc (mubadala) is a state-owned holding company that can be characterized as a national wealth fund. it was established in october 2002 as a public joint stock company and is a wholly owned investment vehicle of the government of abu dhabi, in the united arab emirates. mubadala ’s mandate is to facilitate the diversification of abu dhabi ’s economy. its focus is on managing long-term, capital-intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate.
mubadala development company pjsc (mubadala) is a state-owned holding company that can be characterized as a national wealth fund. it was established in october 2002 as a public joint stock company and is a wholly owned investment vehicle of the government of abu dhabi, in the united arab emirates. mubadala ’s mandate is to facilitate the diversification of abu dhabi ’s economy. its focus is on managing long-term, capital-intensive investments intended to deliver strong financial returns and tangible social benefits for the emirate.