September 20, 2014 8:02 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
Group Chief Financial Officer and Member of Investment Committee
Deputy Group Chief Executive Officer
Age: 39
Executive Director of Energy and Industry and Chief Executive Officer of Mubadala Oil and Gas
Age: 57
Executive Director of Structured Finance and Capital Markets
Compensation as of Fiscal Year 2014.

Mubadala Development Company PJSC Key Developments

Mubadala Development Company Announces Earnings Results for the Six Months Ended June 30, 2014

Mubadala Development Company announced earnings results for the six months ended June 30, 2014. For the first half, the company posted a 23% profit jump. The company tasked with developing the emirate’s economy posted a AED 1.34 billion profit attributable to equity owners compared to the AED 1.09 billion profit it accrued in the same period a year ago. The company’s 23% profit jump is off the back of higher revenues from joint ventures such as Emirates Global Aluminium and Dolphin Energy. Income from the joint venture business doubled to AED 2.12 billion. Overall revenues increased to AED 16 billion compared to AED 14.8 billion in the first half last year, was due to higher sales in its aerospace and energy businesses. But total comprehensive income was down 37.4% to AED 1.32 billion in the period compared to last year’s first half due a weaker year-on-year performance in the value of its investment portfolio.

OXY Reportedly In Talks To Sell Part Of Dolphin Energy Stake To Mubadala

Occidental Petroleum Corporation (NYSE:OXY) is in talks to sell at least one-fifth of its 24.5% stake in Dolphin Energy Limited to Mubadala Development Company PJSC., people familiar with the matter said. OXY could complete the sale before the end of 2014, one person familiar with the talks said.

Occidental Reportedly In Talks For Stake Sale In Shah Gas Project To Mubadala

Occidental Petroleum Corporation (NYSE:OXY) is in talks to sell a $3 billion stake in a gas field to Mubadala Development Company PJSC, Bloomberg reported citing Petroleum Intelligence Weekly. It is believed that Occidental Petroleum and Mubadala Development Company are discussing the sale of as much as 30% of the $10 billion Shah natural gas project in the United Arab Emirates. The transaction could be completed by the end of 2014 with Oxy retaining part of its 40% stake and continuing to operate the field and Adnoc would retain its 60%. According to Bloomberg, two officials at Mubadala’s media department and Melissa Schoeb, a spokeswoman for declined to comment.

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