The terms of the transactions were not disclosed.

With regard to the investment in PCI Pharma, head of Pharma & Medtech at Mubadala, Camilla Macapili Languille told the media, “Outsourced pharmaceutical services has been a key investment theme for us over the past few years, and we are excited to be partnering with one of the global leaders in this industry.

“We have been particularly impressed by the quality and depth of PCI’s management team, as well as the company’s strong execution track record, impeccable values, and distinct vision for the long-term development of their business. We have strong conviction in the company’s growth trajectory and are committed to working with Kohlberg and Partners Group to ensure their long-term success.”

The Philadelphia-headquartered company spans a global footprint of 25 facilities across six countries and employs 3,900 people worldwide.

Through the investment in PCI Pharma, Mubadala expects to improve its customer service experience and enable its customers to bring lifesaving biopharmaceutical therapies to market.

Earlier this year, Mubadala Investment Company acquired a 1.85 percent stake in India’s Reliance Jio in a deal worth $1.21 billion.

Launched in 2016, Reliance Jio has established itself as a telecom giant in India in a short spell due to its competitive pricing strategy. Backed by multibillionaire Mukesh Ambani’s Reliance Jio disrupted the Indian telecom sector which led to many telcos exiting the market with Vodafone on the brink of shutting down its business in India.

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The sustainable real estate investment trust, launched by Masdar, will have an initial valuation between Dh950 million and Dh1 billion.

The sustainable real estate investment trust will be based in the Abu Dhabi General Market and will include four commercial properties in Masdar city.

According to media reports, the REIT will be launched as a ‘Qualified Investor Fund’ and will only be accessible by investors through private placement.

Mohamed Jameel Al Ramahi, chief executive at Masdar told the media, “This REIT is a significant milestone for green investment in the region, and demonstrates Masdar’s leadership in sustainable development. This is the first venture of its kind here, and offers investors an attractive option to invest in sustainable income-generating real-estate assets that are helping to contribute to a greater future for all.”

“Investors are increasingly looking for responsible investments and are evaluating companies based on specific environmental, social and governance practices criteria. “

He believes the REIT will contribute to the development of Abu Dhabi’s real estate sector and bring in greater investment from both domestic and international investors.

In 2018, Masdar also launched the region’s first green revolving credit facility.

Earlier this month, Masdar and Infinity Energy, an Egypt-based renewable energy company, have agreed to establish a joint venture company to develop solar energy and wind power projects in Africa. The new venture will be called Infinity Power.

During the same period, Masdar also signed an agreement with the Ministry of Energy of the Republic of Azerbaijan to develop and operate a 200 megawatt solar plant near Baku.

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Premier Oil, a UK-based independent oil company, has acquired the stakes in the Andaman I and south Andaman blocks.
Mubadala Petroleum, which is a wholly-owned subsidiary of Mubadala Investment Company, will retain the remaining 80 participating interest in the gas fields in Indonesia.

With regard to the stake sale, Dr. Bakheet Al Katheeri, chief executive at Mubadala Petroleum told the media, “The completion of this farmout is another important step for Mubadala Petroleum and for the exploration of the Andaman blocks offshore Aceh, and supports Mubadala Petroleum’s growth strategy in Indonesia.”

The government of Indonesia has also given its approval for the deal.

Premier Oil, on the other hand, owns a 70 percent participating interest in the Andaman II block. The remaining 30 percent is owned by Mubadala Petroleum.

Mubadala Petroleum has been operating in Indonesia since 2004.

Earlier this month, Mubadala Petroleum, along with Royal Dutch Shell and Chevron, was awarded exploration rights in the Red Sea by the Egyptian government.

While Chevron and Royal Dutch Shell were awarded a block each, Mubadala Petroleum will share a block with Shell.
In the month of November 2019, Mubadala Petroleum started exploration in the Manora oil field in the Gulf of Thailand, along with Tap Oil, an Australia-based independent oil company.

While Mubadala Petroleum holds a 70 percent participating interest in the oil field, Tap Oil holds the other 30 percent.

Similarly, the UAE-based oil company also signed a production sharing contract with Thailand’s PTTEP Energy Development Company. Both the companies will work together to develop the offshore Block G1/61 that contains the Erawan field.

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Al Muhairi, Mubadala Deputy Group CEO & Chief Executive Officer, Alternative Investments and Infrastructure, signed the MoU at a ceremony held in Abu Dhabi, UAE on March 28, 2018. Commenting on the MoU, Greece’s Deputy Prime Minister and Minister of Economy and Development Yannis Dragasakis, said: “The creation of a new co-investment platform represents an exciting partnership for both parties. Greece and the United Arab Emirates have had strong diplomatic ties for many decades and, in recent years, we have seen an increase in trade and bilateral investment between our countries. The signing of this MoU represents the first step towards wider cooperation between Mubadala and Taneo, and the creation of an investment platform that can facilitate the growth of resilient businesses in key areas of the Greek economy.”

His Excellency Khaldoon Khalifa Al Mubarak, Group Chief Executive Officer & Managing Director of Mubadala, added: “The Greek economy has demonstrated its resilience in recent years and many sectors are now demonstrating robust growth. As a global long-term strategic investor and partner, Mubadala’s focus is on finding opportunities across different markets which offer compelling investment prospects and the opportunity to generate strong and consistent returns.”

Established in 2001 by the Greek government, Taneo is a principal investment firm specializing in fund of funds investments. The firm invests in venture capital funds which specialize in startup, early, and expansion stage investments, in particular, Greek SMEs operating in telecommunications, IT, e-commerce, biotechnology, and new materials. To date, Taneo, which is now co-funded by the Greek government and institutional investors, has indirect investments in approximately 50 companies through over 10 venture capital funds.

Mubadala is active in 13 sectors and more than 30 countries around the world, prioritising its partnerships with best-in-class organisations. The company is currently developing global industrial champions in sectors such as aerospace, ICT, semiconductors, metals & mining and renewable energy, utilities and manages a diverse portfolio of financial holdings.

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His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, Chairman of the Abu Dhabi Executive Council, and Chairman of the Mubadala Investment Company Board of Directors, said, “ADIC becoming part of the Mubadala Group is yet another step in Abu Dhabi’s efforts to accelerate the diversification of the UAE’s economy. With an investment vehicle of significant scale, world-class talent and wide geographical reach, we enhance the country’s competitive position.”

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Vice-Chairman of the Mubadala Investment Company Board of Directors, said, “Bringing the Abu Dhabi Investment Council under the Mubadala Group is in line with Abu Dhabi’s efforts to create world-class investment vehicles of scale. ADIC has a strong history of investment, diversification and financial return, and will build on its record of creating value as part of the Mubadala Group, which is one of Abu Dhabi’s most respected and recognised global institutions.”

The senior leadership of ADIC will continue to manage the Council. Eissa Mohammed al Suwaidi will continue to lead the organisation as its Chief Executive Officer, and will report to Mubadala Group CEO and Managing Director Khaldoon Khalifa al Mubarak.

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The equity fund targets the technology sector, according to Mumtalakat Chief Executive Mahmood Al Kooheji. “We’re talking to them, we haven’t made any commitment yet,” he told Reuters. “I think it’s very interesting, and a lot of people have already put a lot of tickets.”

Gulf state funds such as the Public Investment Fund, Saudi Arabia sovereign wealth fund, and Mubadala Investment Company have invested in SoftBank’s US$93bn Vision Fund.

Previously, Mumtalakat has considerably borrowed funds and is currently looking to explore possible funding options for the future. A CNBC news report reads “In 2014 the fund issued a US$600mn sukuk and raised a US$500mn loan.”

“This year we don’t need to borrow but we’re opportunistic if the conditions are good.We have maturities coming next year and the year after, and we’re always engaging with our advisers,” Kooheji said.

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