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Tuesday, 6 December 2022

Mubadala Investment CEO appointed head of Adnoc’s new low-carbon division

Adnoc appoints CEO of Mubadala’s UAE investments platform to lead new, low-carbon vertical: Abu Dhabi state oil company Adnoc has appointed the CEO of Mubadala’s UAE investments arm, Musabbeh Al Kaabi (LinkedIn), to head up a new division focused on low-carbon solutions and international growth, starting mid-January 2023, the Abu Dhabi wealth fund said in a statement. Al Kaabi has been CEO of Mubadala’s UAE investments platform since January 2021.

An increase in low-carbon business streams for Adnoc: The new Adnoc division that Al Kaabi will lead is set to focus on areas including Adnoc’s renewables and hydrogen portfolios low-carbon technology, like carbon capture and storage, Mubadala said.

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