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Mubadala's Kelix Bio Acquires DiabTec from Julphar
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17.01.202517.01.2025Investments

Mubadala’s Kelix Bio Acquires DiabTec from Julphar

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Abu Dhabi’s Mubadala Investment Company, through its unit Kelix Bio, has finalized the acquisition of DiabTec, a subsidiary of Julphar. This move marks a significant step in strengthening Mubadala’s biologicals portfolio and advancing biomanufacturing in the MENA region. DiabTec’s advanced facility, equipped with 20,000-litre drug substance reactors and a dedicated cartridge fill-finish facility for drug...

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02.01.202502.01.2025Business, Investments

Mubadala Tops Global Wealth Fund Spending in 2024

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Abu Dhabi’s Mubadala Investment Company has taken the lead as the world’s biggest spender among sovereign wealth funds in 2024. The fund deployed $29.2 billion last year, a sharp increase from $17.5 billion in 2023, according to a report by Global SWF, an industry tracker. This marks a significant shift, as Saudi Arabia’s Public Investment...