Mubadala Investment Company (MIC) is a massive sovereign wealth fund owned by the government of Abu Dhabi, United Arab Emirates (UAE). Mubadala Investment Company is parent to Mubadala Development Company, International Petroleum Investment Company and Advanced Technology Investment Company.
With over 65,000 employees across 5 continents, MIC generates over $45 Billion in annual revenue. Chairman of the company is HH Sheikh Mohammed Bin Zayed Al Nahyan and Chief Executive Officer as of 2018 is Khaldoon Khalifa Al Mubarak. Banking partners to MIC include Merrill Lynch International, Citi, BNP Paribas, Deutsche Bank and First Abu Dhabi Bank. Although its history dates back to the 1950s when Abu Dhabi first discovered oil during the days of late Sheikh Zayed Bin Sultan Al Nahyan, which led to the establishment of IPIC in the 1980s, the Mubadala Investment Company Group/merger was officially formed in 2017.
MIC has invested over $35 Billion in infrastructure development (roads, power, water, telecommunications) across Africa focusing mainly on North African countries such as Egypt, Morocco; and west Africa countries Senegal and Djibouti. Mubadala’s investments in Africa also includes a bauxite mine, an alumina refinery and a massive seaport in Guinea, West Africa. MIC also has partnerships with international companies operating in Africa such as General Electric, TOTAL and IBM. Very recently, MIC signed a partnership with Ethiopian Airlines to provide maintenance and financial services to the airline. Mubadala was once very well invested in Etisalat Nigeria as the largest shareholder but pulled out in 2017 (Read: Nigeria Takes Steps To Avoid Repeat Of Etisalat Collapse).
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