April 17, 2014 4:17 PM 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: 38
Executive Director of Energy and Industry and Chief Executive Officer of Mubadala Oil and Gas
Age: 56
Executive Director of Structured Finance and Capital Markets
Compensation as of Fiscal Year 2013.

Mubadala Development Company PJSC Key Developments

Qatar Petroleum To Leave Group Bidding For Occidental's Middle East Business Stake

Qatar Petroleum International has dropped out of a group of state-backed investors seeking to buy a stake in Middle East business of Occidental Petroleum Corporation (NYSE:OXY) (Occidental) amid a political dispute in the region, people with knowledge of the matter said. Still interested in a joint-bid for the stake are Abu Dhabi's Mubadala Development Company PJSC (Mubadala) and Oman Oil Company S.A.O.C., said the people, who asked not to be identified because the matter is not public. Qatar Petroleum is weighing buying some or all of the stake on its own, and is seeking a financial adviser to help it do so, the people said. Occidental is considering breaking up the assets and selling them to individual countries, Chief Executive Officer Stephen Chazen said last week. "The notion that they were going to somehow cooperate with each other in an oil investment is difficult at best right now," Chazen said. "At their suggestions, we'll probably make separate deals with the three countries with somewhat different assets in each one. In some ways, that's a lot simpler", he added. Calls to Qatar Petroleum, Mubadala and Oman Oil weren't answered outside of office hours on April 2, 2014. Melissa Schoeb, a spokeswoman for Occidental, declined to comment. Occidental's Middle East asset sale is part of a breakup plan announced in 2013. Selling the businesses will give Occidental cash to fund drilling, buy back shares, and extend international contracts, analysts have said.

GDF Suez And Veolia Reportedly Bids For Mubadala Unit

GDF SUEZ S.A. (ENXTPA:GSZ) and a unit of Veolia Environnement S.A. (ENXTPA:VIE) submitted bids to buy cooling operations in Mubadala Development Company, reported Bloomberg citing two people familiar with the matter. The sale is worth about $300 million and Bank of America Merrill Lynch is advising Mubadala on the disposal, the people said, asking not to be identified as the information isn’t public. Veolia is bidding through its Dalkia unit, they said. According to one of the people, Bank of America Merrill Lynch is at an advanced stage in evaluating the bids and a buyer could be chosen soon. A spokesman for Mubadala declined to comment. Bank of America Merrill Lynch and Dalkia also declined to comment, while calls to GDF Suez weren’t immediately returned.

Peter Lim Reportedly Still Running To Acquire Valencia

Peter Lim is reportedly still in the running to acquire Valencia Club De Futbol, S.A.D. Spanish and local media earlier reported that the Singapore businessman did not provide any documentation "which fulfilled any of the 14 due diligence requirements" requested by creditors Bankia, S.A. (CATS:BKIA), and thus ruled out of the bidding process. It is understands that recent developments suggested that Lim's bid to buy 70% of the share belonging to Fundació València Club de Futbol is still very much in consideration by the football club. Valencia CF President, Amadeo Salvo, harshly criticised Bankia and its consulting firm KPMG as the crowd cheered for him, and booed Bankia. Salvo said, "If Bankia wanted to sell its credit, it is more than welcomed to do so. However, if Bankia wanted to sell the club, it will have to enforce the shares pledge. Until such time, Bankia is not entitled to sell the club, which belongs to the shareholders." It is also understood Lim's offer was put up on the table for discussion, and Lim is the only one who has bid for the club - dismissing rumours that TPG Capital, L.P. and Qatar Investment Authority have also submitted bids. Salvo also called for Bankia to reveal the sale proceedings to the club. He said: "Bankia's process is not transparent. Bankia refused to let Valencia know who the 'alleged' offers came from and what are their terms of offer." It is understood that Valencia CF has informed Bankia that it is in control of the club's sales process. Aurelio Martinez, President of the Valencia Foundation, revealed that the committee has until February 24, 2014 to receive all binding offers. He said: "This includes the ones that have potentially have existed under the previous process of KPMG and others and any new ones. KPMG will provide all up to date information that they have received. "The management committee will then meet with the President of Valencia CF, the President of the Foundation Valencia CF, and the Finance Minister of the Generalitat Valenciana to present those offers in detail, and have a full consensual decision from those three (shortlisted) parties regarding who is the best offer for Valencia CF. This decision will happen shortly after February 24, 2014." A source close to Peter Lim said: "Peter has never left the fray. His offer to buy the club on 10 December was made after he was approached by the club, and after meeting the Foundation, the Club management, the President of City of Valencia and Bankia. "It is an offer to help build a winning team and put the club on a sound financial footing. It is a simple and straight forward offer. Peter is very amused by the many recent stories about the Bankia/KPMG process and the purported bids by Mubadala Development Company, QIA, and TPG."

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