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Abu Dhabi’s Mubadala expects unchanged investment strategy in 2022

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November 22, 2021

(Refiles to fix dateline)

By Saeed Azhar and Davide Barbuscia

DUBAI (Reuters) -Abu Dhabi state investor Mubadala, which manages $243 billion in assets, expects no change in its investment strategy and themes in 2022, group chief executive Khaldoon Khalifa Al Mubarak said on Monday.

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Areas such as renewables, technology and life sciences will continue to remain themes for the state investor, Al Mubarak said at a conference.

“Thematically there is no shift in terms of our strategy,” Al Mubarak said. “From a short-term perspective, yes there are challenges ahead. I think inflation is creeping in many places.”

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With the world coming out of the COVID-19 pandemic there is strong liquidity globally, though potential increases to interest rates would have implications, he added.

(Reporting by Saeed Azhar and Davide BarbusciaEditing by Louise Heavens and David Goodman)

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