Mubadala board has approves issuance of new debt bonds worth $1.5b
Shaikh Mansour chairs first meeting of the executive committee of the company’s board
Abu Dhabi: Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Deputy Chairman of Mubadala Investment Company, on Tuesday chaired the first meeting of the executive committee of the company’s board.
The board has approved the issuance of new debt bonds worth $1.5 billion (Dh5.51 billion) by Mubadala Development, which is wholly owned by Mubadala Investment. It also approved the annual work plan and budget for 2017 along with many internal regulations, including the corporate governance and HR systems.
The meeting was attended by Suhail Mohammad Faraj Al Mazroui, Minister of Energy, and Mohammad Ahmad Al Bawardi, Minister of State for Defence Affairs, and other senior officials.
Mubadala Investment Company was established under a law issued by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, which is a company wholly owned by the government of Abu Dhabi. It comprises both the International Petroleum Investment Company and Mubadala Development Company.
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