Mubadala assets under management rise 17% to $385bn

• World’s 15th largest SWF
• Invested $39bn in 2025
• 42% private investments

Mubadala Investment Company’s assets under management rose by nearly one-fifth to $385 billion in 2025, the Abu Dhabi sovereign wealth fund said on Thursday.

The conglomerate, which was formed in 2017 through a merger of Abu Dhabi government-owned entities, has invested in multiple sectors in the UAE and abroad including financial services, technology, real estate, energy and transportation.

Mubadala’s assets under management grew 17 percent last year, up from $330 billion a year earlier, the company said in a statement. The sovereign wealth fund is the world’s 15^th largest by assets, according to the Sovereign Wealth Fund Institute.

“The strength of Mubadala’s performance in 2025 reflects the long-term strategy to invest in key sectors of growth in the UAE and abroad,” managing director and chief executive Khaldoon Al Mubarak said in a statement.

It invested $39 billion last year, up from $32 billion in 2024 and its biggest annual deployment since at least 2018. Mubadala’s annualised five-year rate of return was 10.7 percent in 2025.

“While uncertainty remained a defining feature of the investment landscape, it also reinforced the importance of disciplined capital allocation, long-term conviction, and resilience in portfolio construction,” Carlos Obeid, Mubadala’s chief financial officer, said in the statement.

At 42 percent, private investments constitute the biggest chunk of Mubadala’s assets under management, followed by public (20 percent), real estate and infrastructure (17 percent), alternative investments (16 percent) and credit (5 percent).

Mubadala’s domestic portfolio includes stakes in First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates Global Aluminium, Aldar Properties and tech company G42. In all, 24 percent of its assets are in the UAE.

North America accounts for 44 percent of its assets, while other notable regions include Europe (15 percent) and Asia Pacific (13 percent). The company is invested in more than 50 countries, according to its website.

Mubadala Investment Company generated $38 billion in “proceeds” in 2025, up 27 percent compared to a year earlier. Its subsidiaries include the asset management company Mubadala Capital, Mubadala Technologies and Mubadala Energy.

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