Mubadala announces leadership reshuffle

Abu Dhabi sovereign wealth fund Mubadala is on the lookout for someone to head up its investment platform following the news that one of its top executives is set to take charge of a new low-carbon division at Abu Dhabi National Oil Company (Adnoc).

Musabbeh Al Kaabi is currently chief executive of the UAE investments platform but will take up his new post of executive director of low-carbon solutions and international growth at Adnoc in January next year.

The new division at Adnoc will be focused on new energy and carbon products and international verticals such as gas, liquefied natural gas and chemicals.

During his time at Mubadala, Al Kaabi has served on the sovereign wealth fund’s investment committee as well as leading the investment platform and its mandate to support the UAE’s economic reform plans.

Al Kaabi previously served as CEO of the fund’s petroleum and petrochemicals platform between 2017 and 2020. In the role, he was responsible for managing Mubadala’s $40 billion integrated international energy portfolio.

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