Abu Dhabi’s Mubadala Tops Saudi PIF With $29 Billion Deals
The Mubadala Investment Co headquarters building in Abu Dhabi.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Abu Dhabi’s Mubadala Investment Co. was the world’s most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence.
That came as Saudi Arabia’s Public Investment Fund, which was the most active in 2023, slowed down spending and refocused on investing at home.