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Abu Dhabi, UAESaturday 20 October 2018

Mubadala's Khaldoon Al Mubarak named top global public investor 

SWFI’s sixth Annual Public Investor 100  includes some of the most influential public investment figures

Chief executive of Mubadala and Manchester City chairman Khaldoon Al Mubarak is ranked the top Public investor by SWFI.  Pawan Singh / The National
Chief executive of Mubadala and Manchester City chairman Khaldoon Al Mubarak is ranked the top Public investor by SWFI.  Pawan Singh / The National

The Sovereign Wealth Fund Institute, the global organisation which studies and ranks state-controlled investments funds around the world, has named UAE’s Khaldoon Al Mubarak the world’s top public investment executive.

Mr Al Mubarak is the chief executive and managing director of Mubadala Investment Company, Abu Dhabi's strategic investment firm with assets exceeding $226 billion.

SWFI’s sixth Annual Public Investor 100 includes some of the most significant and impactful public investment figures who are managing sovereign wealth, endowment, and pension funds globally.

“The new list allots higher points to executives who have successfully navigated current headwinds facing the asset owners,” the US-based SWFI said in a statement on Thursday.

“SWFI analysed a number of dimensions when compiling the list including innovation, funding, environmental circumstances, returns, unique programmes, and initiatives undertaken.”

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The only other Arabian Gulf investor to join Mr Al Mubarak among the top-10 ranked professionals is Yasir Al Rumayyan, managing director of Saudi Arabia’s Public Investment Fund who is ranked sixth in the list.

The accolade for Mr Al Mubarak comes after an active deal-making spell for Mubadala. Since the merger with Ipic in 2017, the company has focused on integration and shaped the business to drive returns for its shareholders.

Mubadala, which invests globally across 15 sectors, is central to Abu Dhabi’s efforts to diversify its economy away from oil. The company has actively pursued investments in Europe and Asia, with a focus on China, the world’s second-biggest economy, to further strengthen its international portfolio.

It has also monetised some of its mature assets and financial holdings and its fully-owned integrated energy subsidiary Cepsa is planning to list 25 per cent of its share capital on Spanish exchanges in a deal that could raise as much as €2.02 billion.

With Abu Dhabi Investment Council joining Mubadala in March this year, the investment vehicle has the additional scale and breadth to continue pursuing quality assets across the globe.

Mubadala reported total comprehensive income Dh10.6bn at the end of the first half of this year, with total assets, including consolidated ADIC holdings, reaching Dh832bn, the company said in September.