Mubadala, the sovereign investment arm of Abu Dhabi, has unveiled its financial results for the year 2024. The data reveals that by the end of 2024, the company's assets under management had expanded by an impressive 9.1%, reaching AED 1.2 trillion (approximately $330 billion). Over the past five years, Mubadala has maintained a steady annualized return rate of 10.1%. Khaldoon Al Mubarak, the Group CEO and Managing Director, emphasized that a notable achievement in 2024 was the co-founding of MGX alongside G42, Abu Dhabi's pioneering national AI investment platform spearheaded by the Abu Dhabi Council for Artificial Intelligence and Advanced Technologies.
