Abu Dhabi's Mubadala deploys 33% more in new capital this year

Dh119b invested in 2024, assets under management hit Dh1.2 trillion

- BY MANOJ NAIR Business Editor

Abu Dhabi investment firm Mubadala deployed Dh119 billion in new capital across 2024, a 33 per cent increase from Dh89 billion a year earlier. This puts the overall assets under its management to Dh1.2 trillion, a gain of 9.1 per cent.

Mubadala has in recent years been spreading its wings across geographies and sectors, including artificial intelligence (AI).

Over the last five years, the fund manager has hit 10.1 per cent annualised returns.

'Will deepen partnerships'