Mubadala Reports Strong Growth in 2024 with 9.1% Asset Increase
Assets Under Management Reach 1.2 Trillion Dirhams
Mubadala increased its assets under management by 9.1% in 2024. Total assets reached 1.2 trillion dirhams ($326.74 billion) by the end of the year. This growth highlights the fund’s strong investment strategy and disciplined execution. Mubadala’s portfolio continues to diversify, ensuring a solid foundation for future growth.
Mubadala Delivers Solid Five-Year Return
Mubadala’s achievement in five-year rate of return of 10.1%, it announced on Thursday. The fund maintained steady performance through global market fluctuations and economic headwinds. Mubadala’s strategy focuses on long-term value creation across diversified sectors and regions, proving resilient even in challenging times.
Capital Deployment Jumps 33.7% in 2024
Mubadala deployed 119 billion dirhams in 2024, a 33.7% increase from the previous year. The fund invested heavily in energy, technology, life sciences, and other high-growth sectors. Mubadala continues to seek strategic opportunities in key global markets, maintaining a robust pipeline of new investments.
Mubadala Holds Second Position Among Abu Dhabi State Funds
They remain Abu Dhabi’s second-largest state fund, following Abu Dhabi Investment Authority (ADIA). The fund plays a crucial role in diversifying the emirate’s economy beyond oil. Its investments span six continents and a wide range of industries, cementing its global influence.
Global Strategy Drives Mubadala’s Growth
Mubadala focuses on scalable sectors with long-term demand and innovation potential. The fund partners with global leaders to expand its reach and impact. Mubadala’s disciplined approach ensures sustainability and profitability in evolving markets, maintaining its competitive edge worldwide.
UAE Currency Peg Enhances Investment Stability
The UAE dirham remains pegged to the U.S. dollar at 3.6727. This stability helps Mubadala manage foreign investment risk effectively. The currency peg supports the fund’s global financial operations and partnerships, ensuring smooth transactions across international markets.
Conclusion
Mubadala’s 2024 performance reflects strong leadership and a clear investment vision.
With rising assets and robust returns, Mubadala strengthens its position in the global investment landscape. The fund plans to continue its strategic expansion and long-term value creation mission, contributing to global economic growth.