Abu Dhabi: Mubadala Investment Company, the Abu Dhabi-based sovereign investor, today reported a strong performance in its 2024 financial results, reinforcing the focus and resilience of its strategy. Assets under management grew 9.1 percent year-on-year to AED1.2 trillion, with annualised returns of 10.1 percent over five years.
According to Emirates News Agency, Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO, emphasized the company’s two decades of disciplined financial performance. He highlighted the growth and resilience of Mubadala’s strategy in navigating market cycles and investing in sectors such as AI, clean energy, life sciences, semiconductors, and advanced manufacturing, all aligned with national priorities. Al Mubarak also noted the creation of MGX, a new AI investment champion for Abu Dhabi, as a significant highlight of 2024.
The 2024 results underscored Mubadala’s success as a trusted guardian of the nation’s wealth. The company delivered a five-year rate of return of 10.1 percent, with assets under management growing by 9.1 percent year-over-year to AED1.2 trillion. Capital deployed increased by 33.7 percent to AED119 billion, and proceeds, including monetisations, rose by 10 percent year-over-year to AED109 billion.
The portfolio mix remained largely consistent, with 40 percent in private equity, 23 percent in public markets, and 17 percent in infrastructure and real estate. Mubadala raised AED30.5 billion through various capital market instruments, including the world’s first AA-rated sovereign Sukuk and Mubadala’s first dirham-denominated global Sukuk.
Carlos Obeid, Group Chief Financial Officer, highlighted Mubadala’s disciplined capital allocation strategy, noting its strong balance sheet and conservative gearing ratio of 7.8 percent. The company continues to focus on long-term value creation and has reported multi-year performance metrics reflecting its strategy. In 2024, Mubadala began publishing its 10-year rolling IRR, which stands at 8.7 percent.
