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April 25, 2015 8:39 AM ET

Capital Markets

Company Overview of Mubadala Development Company PJSC

Company Overview

Mubadala Development Company PJSC is a sovereign wealth fund of the Government of Abu Dhabi. It prefers to invest in aerospace, financial services, healthcare, information and communication technology, investments, logistics and transport, metals and mining, and real estate sectors. The firm also invests in oil and gas (through Mubadala Petroleum); in semiconductors (through Advanced Technology Investment Company); in renewables (through Masdar); and in infrastructure (through Mubadala Infrastructure Partners). For its metal and mining investments, the firm focuses on businesses in Abu Dhabi based on the aluminum value chain. Its real estate investments target commercial, residential and lei...

Mamoura buildings

Near Muroor (4th) Road & Mohammed

Bin Khalifa (15th) Street

Abu Dhabi,  

United Arab Emirates

Founded in 2002

Phone:

971 2 413 0000

Fax:

971 2 413 0001

Key Executives for Mubadala Development Company PJSC

Chief Executive Officer, Managing Director, Director, and Member of Investment Committee
Group Chief Financial Officer and Member of Investment Committee
Deputy Group Chief Executive Officer, Chief Operating Officer, Chief Executive Officer of Emerging Sectors, and Member of Investment Committee
Age: 39
Executive Director of Energy and Industry and Chief Executive Officer of Mubadala Oil and Gas
Age: 57
Executive Director of Structured and Corporate Finance, Treasury and Capital Markets
Compensation as of Fiscal Year 2014.

Mubadala Development Company PJSC Key Developments

Mubadala Development Company Reports Earnings Results for the Year 2014

Mubadala Development Company reported earnings results for the year 2014. For the year, the company reported a 28.7% drop in net profit due to lower income from financial investments and impairments related to oil and gas assets. The investment vehicle said in an emailed statement it made AED 1.035 billion over the 12 months ending December 31, 2014, compared to AED 1.45 billion a year earlier. Financial investment income was AED 1.28 in 2014, down from AED 3.36 in the previous year. Total comprehensive loss fell to AED 190.8 million in 2014 compared to AED 5.28 billion profit a year earlier due to the revaluation of company’s investment portfolio. Revenue rose 5.4% to AED 32.7 billion in 2014, up from AED 31 billion the previous year.

Mubadala Announces Earnings Results for the Year 2014

Mubadala announced earnings results for the year 2014. For the year, the company reported that its net profit fell 28.7% due to lower income from financial investments and impairments on oil and gas assets. Net profit was AED 1.04 billion ($283.2 million) down from AED 1.45 billion in the previous year. Income from financial investments fell to AED 1.28 billion from AED 3.36 billion dirhams the previous year.

Al Yah Satellite Reportedly Mulls Financing

Al Yah Satellite Communications Company PrJSC, owned by Mubadala Development Company PJSC, plans to raise around $500 million through a mixture of debt and equity for its third satellite project in 2015, Reuters reported citing three sources familiar with the matter. The precise structure for the financing was currently being worked on with HSBC Bank Plc but Al Yah Satellite Communications Company PrJSC plans to raise the debt component in 2015, with other banks then invited to join the deal. Mubadala Development Company PJSC declined to comment.

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