Intelligence We Think Matters

SOVEREIGN INVESTMENT

2025 Annual Review

Mubadala Investment Company

Published 2026

A sovereign investor that builds champions

Mubadala's 2025 Annual Review is the institution's own account of a year in which assets under management rose 17 per cent to US$385 billion, deployment reached a record US$39 billion and proceeds rose 27 per cent to US$38 billion. Two points stand out. Proceeds almost matched deployment, the mark of a portfolio that rotates capital rather than accumulating it. And the stated strategy is to build national champions at home while deepening its global presence. For a Nordic company, that reframes the question: less whether Gulf capital will invest, more whether it can become part of a champion.

Mr Alan Talib

CEO & Founder

Figures as reported in the Annual Review: assets under management pp. 6 and 12; deployment pp. 6, 10 and 12; proceeds pp. 6 and 12; national champions pp. 5 and 22; global presence pp. 6 and 21.

• Mubadala's 2025 performance: assets under management, long-term returns, deployment and proceeds.
• Portfolio by asset class and geography, including 15 per cent allocated to Europe.
• Strategy: national champions in the UAE and a deepening presence across more than 80 markets.

This is NordGulf Alliance's independent reading of a publicly available report. It does not imply any relationship with the publisher and is not investment advice.