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Mubadala Development Company: Map

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The Mubadala Development Company ( ) is a state owned company of the Abu Dhabimarker government in the United Arab Emiratesmarker. Mubadala is practically the investment vehicle of the Abu Dhabi government, According to its website, its main activities are:
  • Acquisition of new companies and strategical holdings in existing companies
  • Diversified Investments
  • Strategic partnership


Currently Mubadala has invested in the energy, telecommunication, aerospace, automotives, healthcare, real estate and ship building sectors.

Subsidiaries

Mubadala operations are divided into three sections:

The Operations Group





The Finances & Corporate Affairs Group

Handling the internal affairs of Mubadala by providing it with financial, legal and professional services.

The Investment Management Group

The investment management group no longer exists as a central standalone function at Mubadala, and its responsabilities have been dispersed to the individual units within the operations grou [http://www.mubadala.ae

Managing the various investment portfolios of Mubadala:

SR Technics controversy in Ireland

In February 2009 Mubadalas SR Technics group decided to close their Irish Operation (based in Dublin) with the loss of 1,135 jobs. Controversy arose from the decision by SR Technics not to cover any shortfall in the pension scheme of the staff affected. Mubadala also offered the Irish staff one of the worst redundancy packages in Irish history (0.84 weeks pay per year of service). This was despite assurances to staff that during the transfer of undertaking from FLS industries that all their conditions of employment would remain similar to that of Aer Lingus employees.The Irish Minister for Foreign affairs instructed Irelands closest ambassador to the UAE to impress upon Mubadala the necessity to honour their commitments.

References

  1. "About Mubadala", Mubadala Website.
  2. "The Investment Management Group, Mubadala Website.
  3. "Abu Dhabi Takes 8% Stake in Advanced Micro, The New York Times.
  4. "New Abu Dhabi Shareholder Brings New Alliance For Ferrari", carpages.co.uk.
  5. "SR Technics staff step up fight on redundancy deal", Irish Independent
  6. "Mubadala has been asked to honour commitments", www.rte.ie


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