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$232bn ASSETS UNDER MANAGEMENT

Mubadala total comprehensive income hits $14.4bn in 2019

ABU DHABI, June 11, 2020

Mubadala Investment Company, an Abu Dhabi sovereign investor, achieved a total comprehensive income of AED53 billion ($14.43 billion) for 2019, compared to AED12.5 billion in 2018, driven by the company’s public equities portfolio and funds, as well as its assets across various sectors.
 
The company’s annual review for 2019 said Mubadala concluded a number of key transactions as it established new partnerships to invest locally and internationally across sectors that contribute towards the advancement of Abu Dhabi’s economy and its diversification. 
 
A total of AED68 billion was deployed in various asset classes and across growth sectors, ranging from credit to technology, life sciences, health care, renewables, transportation and agribusiness, it said.
 
Monetization of mature assets and distributions from investments totalled AED63 billion in 2019, as Mubadala continued to align and optimise its portfolio according to its long-term strategy.
 
At year-end, assets under management stood at AED853 billion ($232.24 billion), compared to AED840 billion in 2018.
 
Group Chief Executive Officer and Managing Director Khaldoon Khalifa Al Mubarak said: “Responsible deployment of capital, strong partnerships and agile investing remain at the core of Mubadala’s strategy.  And now, as the world faces a global pandemic, we are working across our portfolio in partnership with communities which have been hit hard by Covid-19.
 
“2019 was a remarkable year for Mubadala. Not only did we deliver strong financial results, but we also continued to grow our presence across multiple asset classes in key sectors and markets to help further diversify Abu Dhabi’s economy,” he said.
 
Chief Financial Officer Carlos Obeid added: “In 2019, we continued to manage our balance sheet carefully, with a prudent debt-to-equity ratio of 11.8%.  With a strong cash position, we will continue to look for opportunities in public funds and private assets as we manage through this complex economic cycle, while remaining a long-term, patient investor.”
 
Key financial and operational highlights from 2019:
Total Comprehensive Income (TCI) was AED53 billion (AED12.5 billion in 2018)
Assets under management (AUM) reached AED853 billion (AED 840 billion in 2018):
Portfolio spans over 50 countries, in both emerging and developed markets
43% of Mubadala’s portfolio comprises direct and indirect investments in private equity, with 21% in public markets and 11% in real estate and infrastructure, among others
In 2019, Mubadala realized AED63 billion in monetization of mature assets and distributions from investments locally and abroad
Mubadala deployed AED 68 billion across new and existing priority sectors and funds
Mubadala reiterates its intent to begin publishing, as part of its public disclosure in 2021, benchmarking against long-term indices, rather than other metrics that are no longer relevant to a long-term investor such as annual revenue or annual net income, it said. -TradeArabia News Service 
 



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