HE Khaldoon Khalifa Al Mubarak It has been a landmark year for Al Mubarak, a prolific businessman and trusted advisor to Abu Dhabi’s Crown Prince, HH Mohammed Bin Zayed Al Nahyan, after the official unveiling of new state investment vehicle Mubadala Investment Company. This followed the January merger of Mubadala Development Company and International Petroleum Investment Company. He now has… It has been a landmark year for Al Mubarak, a prolific businessman and trusted advisor to Abu Dhabi’s Crown Prince, HH Mohammed Bin Zayed Al Nahyan, after the official unveiling of new state investment vehicle Mubadala Investment Company. This followed the January merger of Mubadala Development Company and International Petroleum Investment Company. He now has a business with $127bn of assets under management, a presence in 13 sectors and more than 30 countries and 68,000 employees, and initial indications are positive. Mubadala made a net profit of Dhs4.2bn ($1.14bn) in the first half of the year from a net loss of Dhs4.7bn in the first half of 2016 and made a number of key announcements including the setting up of a venture capital arm. The San Francisco-based operation will also oversee a confirmed $15bn commitment to SoftBank’s Vision fund confirmed earlier in the year through which 15-16 investments have already been made. Mubadala also said in November it would invest up to $1.2bn in French businesses under a deal signed with French investment vehicles CDC International Capital and Bpifrance. Group CEO and managing director, Mubadala Investment Company Origin:UAE Residence:UAE Sector:Diversified