Mubadala Investment Co. deployed 89 billion dirhams last year into a range of sectors including private credit and artificial intelligence, an area where Abu Dhabi is seeking to make greater inroads.
The wealth fund, which ranks as the emirate's second-largest sovereign investor, reported a five-year rate of return of 10.3%, according to a statement.
Performance was better than the 8.5% for the period to 2022, though the latest figure included 99 billion dirhams of divestments.
Total assets under management grew 9.5% to 1.11 trillion dirhams. During the year, the wealth fund prioritized investments in artificial intelligence, technology, digital infrastructure, life sciences and clean energy.
Key deals included an investment in data center provider Aligned. Alongside G42, Mubadala was one of the founding partners of a technology investment firm called MGX in the UAE.