PRESS RELEASES

MUBADALA ABU DHABI OPEN 2024

Middle East News 247 September 27, 2023

Following the resounding success of its inaugural edition in February 2023, the Mubadala Abu Dhabi Open proudly returns for its second edition in 2024, reaffirming its status as a premier tournament on the global tennis calendar. The Women’s Tennis Association (WTA) and IMG today announced the

PRESS RELEASES

G42 and Mubadala Announce the Launch of M42

Editor April 17, 2023

Abu Dhabi, UAE; April 17, 2023: G42, the leading Abu Dhabi-based AI technology holding group, and Mubadala Investment Company, an Abu Dhabi-based global sovereign investor, today announced the launch of M42, a first-of-its-kind, tech-enabled, integrated healthcare company created through the coming together of G42 Healthcare and Mubadala Health. M42 combines G42

Business

wefox Closes US$400m Series D Round at US$4.5bn Post-Money Valuation

Middle East News 247 July 13, 2022

BERLIN — wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn. Mubadala Investment Company led the equity raise with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global. The round sees wefox increase its valuation from

Business

Mubadala discusses GlobalFoundries IPO at US$20bn value

Editor - PK April 11, 2021

Abu Dhabi’s Mubadala Investment Co. has started preparations for a US initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said. The sovereign wealth fund has been having initial discussions with potential advisers about a listing of… Read full article

Business Tech

Mubadala, Abu Dhabi Catalyst Partners invest $150m in messenging app Telegram

Editor - PK March 24, 2021

Abu Dhabi-based sovereign investor Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined US$150m in social media platform Telegram. Mubadala invested US$75m in 5-year pre-IPO convertible bonds, while Abu Dhabi Catalyst Partners invested the remaining… Read full article