DEFINITION of 'Mubadala Development Company'
A sovereign wealth fund established in 2002 as a public joint stock company by the government of Abu Dhabi, which remains its sole shareholder. Its mandate is the economic diversification of Abu Dhabi.
BREAKING DOWN 'Mubadala Development Company'
Mubadala's investment strategy is focused on long-term, capital-intensive projects that deliver strong financial results and tangible social benefits to Abu Dhabi. Mubadala has a diverse portfolio, with investments in a number of sectors including aerospace, energy, healthcare, infrastructure, real estate and hospitality, and services. Its total assets are in the tens of billions in terms of U.S. dollars.