Skip to content

Abu Dhabi fund’s tech portfolio expands as Mubadala goes on purchase spree

August 25, 2022

Abu Dhabi’s Mubadala Investment Co. has taken advantage of tumbling tech firm valuations to make a series of investments in small- to mid-sized tech companies worldwide this year. Formed in 2017 after the merger of Abu Dhabi’s state-owned International Petroleum Investment Co. (IPIC) and Mubadala Development Co., Mubadala invests both at home and abroad. In December 2021, it had assets under management (AUM) of 1.05 trillion dirhams ($284 billion). Other sovereign funds based in the UAE capital include the Abu Dhabi Investment Authority (ADIA) and ADQ.

Read the original article in Zawya: Mubadala’s buying spree expands Abu Dhabi fund’s tech portfolio

Back To Top