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ADIA and Mubadala

UAE: MBZ brothers take over at Adia and Mubadala

The leadership of Abu Dhabi’s two main wealth funds – the $790bn Abu Dhabi Investment Authority (Adia) and the $285bn Mubadala Investment Company – has been reshuffled, with national security adviser Sheikh Tahnoun Bin Zayed Al-Nahyan becoming chairman of Adia and Presidential Court minister Sheikh Mansour Bin Zayed Al-Nahyan taking that role at Mubadala. Their brother UAE President Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ) had previously been chairman of both funds.

Issue 1166 - 24 March 2023

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