Khaldoon Al Mubarak

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Khaldoon Al Mubarak
Khaldoon Al Mubarak.jpg
At the Davos conference, January 2008
Born 1976 (age 40–41)
Abu Dhabi, United Arab Emirates
Nationality Emirati
Alma mater Tufts University
Occupation Entrepreneur
Awards Commendatore OSSI medal BAR.svg Commander of the Star of the Order of the Italian Solidarity

Khaldoon Khalifa Al Mubarak[1](Arabic: خلدون المبارك‎‎; born 1976)[2][3][4][5] is an Emirati entrepreneur.

Educated in the United States, he entered a career in construction and real estate, becoming CEO of the Mubadala Development Company. He sits on a number of boards, including First Gulf Bank, Aldar Properties and Ferrari.[6] Al Mubarak is also a member of the Executive Council for the Emirate of Abu Dhabi and chairman of Executive Affairs Authority.

Al Mubarak became the chairman of Manchester City Football Club, when the club was bought by the Abu Dhabi United Group back in September 2008. He is considered as "one of the royal family’s most trusted advisers."[5][7]

Early life[edit]

Al Mubarak was born in 1976 Abu Dhabi, United Arab Emirates. He obtained a degree in Economics and Finance from Tufts University in Boston, Massachusetts.[8][9]

Petroleum[edit]

Al Mubarak's first position was as a sales-executive at the Abu Dhabi National Oil Company.[10] After working at the oil company, he was employed by the UAE Offsets Group, where he held a number of positions.[9] He next assumed the duties of the Executive Vice-President-Corporate of Dolphin Energy.

Real estate and construction[edit]

Al Mubarak was appointed CEO and Managing Director of the government-owned investment company Mubadala Development, whose projects include the $5 billion aluminium plant in King Abdullah Economic City. The company owns stakes in numerous companies, including a 5 percent share in Ferrari,[9] an 8.1% share in AMD,[9] a 7.5 percent share in the Carlyle Group, and a share in General Electric.[11][12]

In May 2005, he was appointed vice-chairman of Oasis International Leasing, an Abu Dhabi-based leasing company.[13] Through Mubadala Development, Al Mubarak is vice-chairman of Piaggio Aero,[14] and vice-chairman of LeasePlan.[15]

Government[edit]

When the Abu Dhabi government was restructured in 2006, Al Mubarak became chairman of Executive Affairs Authority and a member of the Executive Council for the Emirate of Abu Dhabi.[16][17] He is also an Abu Dhabi Education Council member,[18] a director of the Abu Dhabi Council for Economic Development (ABCED),[19][20] and chairman of the Organization & Administration Department.[13] Al Mubarak is co-chair of the United States Chamber of Commerce's US–U.A.E. Business Council, which was established in 2007,[21] chairman of the Abu Dhabi Media Zone Authority,[22] and vice-chairman of the Abu Dhabi Urban Planning Council which was established in 2007.[23][24]

American media have characterized Al Mubarak as "one of the royal family’s most trusted advisers" and having "a close relationship with the Crown Prince Mohammed bin Zayed Al Nahyan."[5][7]

Motorsport[edit]

Al Mubarak, as chairman of the Abu Dhabi Motor Sport Management Company,[25] worked to bring auto racing to the region and negotiated the deal with FIA for the Abu Dhabi Grand Prix Formula One motor race. The deal was officially announced in early 2007 at the Abu Dhabi F1 Festival in the UAE.

Football[edit]

In early September 2008, and after negotiations led by Dubai-born businessman Sulaiman Al-Fahim[26] on behalf of the Abu Dhabi side, the owners of English Premier League football club Manchester City, including chairman Thaksin Shinawatra, agreed to sell the entirety of their shares to Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi.[27] On Tuesday 23 September 2008, the deal was concluded and the shares were transferred to Abu Dhabi United Group, a United Arab Emirates-based private equity firm owned by Sheikh Mansour, [28] in a deal that was both welcomed[29] and questioned[30] by some observers. The new owner appointed Al Mubarak as Chairman of the Board of Directors of the club, with Ferran Soriano as Chief Executive.[28]

On 14 May 2011, City won the F.A. Cup, their first silverware after a drought of 35 years, by beating Stoke City F.C. 1-0 at the final.[31] On 13 May 2012, with two goals scored in stoppage time[32] in the last game of the season, played at their home stadium, and amidst "scenes of near bedlam,"[33] Manchester City were crowned champions of the Premier League, winning the top-division title again, for the first time since the 1967-68 season. The club's finances[34] reached a loss of £98 million loss in 2011-12 but improved to show an £11 million profit in 2014-15, and then in the 2015-16 season a profit of £20.5 million with "record" revenues of £398.1 million.[35]

Institutional oversight[edit]

Al Mubarak is a member of the Board of Trustees for New York University, and as of 2013 oversees the development of a campus in Abu Dhabi.[36]

Through Mubadala Development, Al Mubarak is chairman of the Imperial College London Diabetes Center (ICLDC) which opened in Abu Dhabi in 2006.[37]

He sits on many boards including ALDAR Properties, the Emirates Foundation and the First Gulf Bank.[38]

Personal life[edit]

Al Mubarak is married to Nadia Sehweil Al Mubarak,[39] whom he first met when they were both in high school, and they have two children.[40]

In 2007, Al Mubarak was made Commander of the Star of the Order of the Italian Solidarity[18][41] for supporting the "economic relationship" between Italy and the UAE.

In 1984, when Al Mubarak was a child, his father, UAE ambassador to France Khalifa Al Mubarak, was assassinated in Paris by Abu Nidal's terrorist group.[42]

References[edit]

  1. ^ "NYU to Open Campus in Abu Dhabi". NYU Today. 21 (4). Archived from the original on 22 January 2009. Retrieved 28 December 2008. 
  2. ^ "Abu Dhabi Emirate restructuring," Wikileaks, document date: 15 December 2004
  3. ^ Gimbel, Barney (12 March 2007). "The richest city in the world". CNN Money. CNN. Retrieved 16 February 2009. 
  4. ^ Norrish, Mike (23 September 2008). "Manchester City manager Mark Hughes is a 'gem', says the club's new owner". The Daily Telegraph. Telegraph Media Group. Retrieved 16 February 2009. 
  5. ^ a b c Thomas Jr., Landon (31 October 2008). "The Suave Public Face of Abu Dhabi's Billions". The New York Times. Retrieved 15 October 2016. 
  6. ^ "Khaldoon Khalifa Al Mubarak". Mubadala. Retrieved 12 July 2012. 
  7. ^ a b "Who's Who : A guide to the most influential, non-royal officials in the United Arab Emirates", Wall Street Journal, 15 October 2010(subscription required)
  8. ^ Gimbel, Barney (12 March 2007). "The richest city in the world". CNN Money. CNN. Retrieved 16 February 2009. 
  9. ^ a b c d Bhoyrul, Anil (18 September 2008). "Mubadala boss poised to take helm at Man City". Arabian Business. ITP Publishing Group. Retrieved 13 October 2010. 
  10. ^ Cushnan, David (20 July 2009). "Khaldoon Al Mubarak is Abu Dhabi's man of sport". SportsPro. Retrieved 21 October 2009. 
  11. ^ Heath, Thomas (15 February 2008). "Pair of Proposals Take Aim at Carlyle Group". Washington Post. Katharine Weymouth. Retrieved 22 September 2008. 
  12. ^ "GE & Mubadala Partnership". General Electric. Retrieved 16 February 2009. 
  13. ^ a b Golden, Lara Lynn (7 May 2005). "Khaldoon Khalifa Al Mubarak appointed Oasis Leasing Vice Chairman". AMEinfo.com. AME Info. Retrieved 22 September 2008. 
  14. ^ "Khaldoon Mubarak, CEO, Mubadala Development Company". CNN. 28 September 2007. Retrieved 17 October 2009. 
  15. ^ Bailey, Chris (19 September 2008). "Plans take shape at City". Manchester Evening News. Retrieved 17 October 2009. 
  16. ^ Defterios, John (20 September 2008). "Two trips, one new program". CNN. Retrieved 17 October 2009. 
  17. ^ "Abu Dhabi govt restructuring to spur efficiency". Khaleej Times. 6 March 2006. Retrieved 17 October 2009. 
  18. ^ a b "Chairman of the Executive Affairs Authority". Abu Dhabi Government. Archived from the original on 21 September 2008. Retrieved 17 October 2009. 
  19. ^ "Board of Directors". Abu Dhabi Council for Economic Development. Retrieved 17 October 2009. 
  20. ^ "The Abu Dhabi Economic Vision 2030" (PDF). Government of the General Secretariat Executive Council of Abu Dhabi. Retrieved 17 October 2009. 
  21. ^ "About the U.S.-U.A.E. Business Council". Retrieved 17 October 2009. 
  22. ^ Hagey, Keach (12 October 2008). "Media brands focus on Abu Dhabi". The National. Retrieved 17 October 2009. 
  23. ^ "Council Members". Abu Dhabi Urban Planning Council. Retrieved 13 October 2010. 
  24. ^ "UAE President sets up Urban Planning Council". UAE Interact. Trident Press Ltd. 20 September 2007. Retrieved 17 October 2009. 
  25. ^ Khan, Alam (27 August 2008). "Abu Dhabi is right on track for GP". The National. Abu Dhabi Media Company. Retrieved 22 September 2008. 
  26. ^ "Family feeling behind the football", The Economist, 25 September 2008
  27. ^ "Manchester City agree takeover deal with Abu Dhabi group" by Mike Adamson, The Guardian, 1 September 2008
  28. ^ a b "Man City buyers complete takeover", BBC News, 23 September 2008
  29. ^ "Manchester City: a tale of love and money" by David Conn, The Guardian, 18 May 2012
  30. ^ "Abu Dhabi accused of 'using Manchester City to launder image'" by David Conn, The Guardian, 30 July 2013
  31. ^ "Manchester United take down '35 years' banner at Old Trafford after City's FA Cup win", Manchester Evening News, 17 May 2011
  32. ^ "Stoppage time in soccer: How it works and what it means" by Michael Caley, Washington Post, 12 June 2014
  33. ^ Mancherster City 3 - Queens Park Rangers 2. Game report by Phil McNulty, BBC Sports, 13 May 2012
  34. ^ "Manchester City : From zero to hero", Football Benchmark, 2016
  35. ^ "Man City announce record revenue, increased profits", Football 365, 18 October 2016
  36. ^ "Chairman of the Executive Affairs Authority". Executive Affairs Authority. Abu Dhabi Government. Retrieved 13 October 2010. 
  37. ^ "Imperial College London and UAE Development Agency launch world-class diabetes centre in Abu Dhabi". Imperial College London. 14 August 2006. Retrieved 17 October 2009. 
  38. ^ Bailey, Chris (19 September 2008). "Plans take shape at City". Manchester Evening News. Retrieved 13 October 2010. 
  39. ^ "The Dinner Club by No.57 and Avenue at Etihad Towers collaborate for exclusive dinner", Buro 24/7, 25 January 2015
  40. ^ "How a cancer diagnosis inspired Abu Dhabi family to set up a fitness studio," The National, 9 December 2014
  41. ^ "Al Mubarak Dott. Khaldoon Khalifa" (in Italian). President of the Italian Republic. Retrieved 17 October 2009. 
  42. ^ "UAE Foreign Ministry dedicates club to assassinated Emirati diplomat", 7Days, 8 July 2015
Business positions Manchester City F.C. chairman
2008 – present
Incumbent