Khaldoon Al Mubarak

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Khaldoon Al Mubarak
Khaldoon Al Mubarak.jpg
Khaldoon Al Mubarak at the World Economic Forum in Davos in January 2008.
Born Abu Dhabi, United Arab Emirates
Alma mater Tufts University
Occupation CEO of Mubadala Development
Abu Dhabi United Group member
Chairman of Manchester City
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] is an Emirati businessman.

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.[5] Al Mubarak is also a member of the Executive Council for the Emirate of Abu Dhabi and chairman of Executive Affairs Authority.

He became the chairman of Manchester City Football Club, when the club was bought by the Abu Dhabi United Group back in September 2008.

Early life

Al Mubarak was born in 1976 Abu Dhabi, United Arab Emirates and educated in the US, where he obtained a degree in Economics and Finance from Tufts University in Boston, Massachusetts.[6][7] His first position was as a sales-executive at the Abu Dhabi National Oil Company.[8]

Career

Al Mubarak is involved in construction and real estate.[9] After working at the oil company, he was employed by the UAE Offsets Group, where he held a number of positions within the company.[7] Since then he was Executive Vice-President-Corporate at Dolphin Energy. He is the CEO and managing director of government-owned investment company Mubadala Development, whose projects include a $5 billion aluminium plant in King Abdullah Economic City. His company also owns significant stakes in other companies, including a 5% share in Ferrari,[7] an 8.1% share in AMD,[7] a 7.5% share in the Carlyle Group, and a share in General Electric.[10][11] In May 2005 he was appointed vice-chairman of Oasis International Leasing, an Abu Dhabi-based leasing company.[12] Through Mubadala Development, Al Mubarak is chairman of the Imperial College London Diabetes Center (ICLDC) which opened in Abu Dhabi in 2006,[13] vice-chairman of Piaggio Aero,[14] and vice-chairman of LeasePlan.[15] As well as this he sits on many boards including ALDAR Properties, Emirates Foundation and First Gulf Bank.[16]

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.[17][18] He is also an Abu Dhabi Education Council member,[19] a director of the Abu Dhabi Council for Economic Development (ABCED),[20][21] and chairman of the Organization & Administration Department.[12] Al Mubarak is co-chair of the United States Chamber of Commerce's US–U.A.E. Business Council, which was established in 2007,[22] chairman of the Abu Dhabi Media Zone Authority,[23] and vice-chairman of the Abu Dhabi Urban Planning Council which was established in 2007.[24][25]

Personal life

In 2007 Al Mubarak was made Commander of the Star of the Order of the Italian Solidarity for his contributions to economic relationships between Italy and the United Arab Emirates.[19][26] Al Mubarak is a trusted aide of the Crown Prince Mohammed bin Zayed Al Nahyan.[4] As part of the takeover of Manchester City F.C. by the Abu Dhabi United Group on 21 September 2008 it was reported Al Mubarak would replace Thaksin Shinawatra as chairman.[27] It was also reported that the takeover would be fully completed on 24 September 2008.[28] As chairman of the Abu Dhabi Motor Sport Management Company,[29] Al Mubarak was also a key figure in negotiating for the Grand Prix. He was also influential in getting the FIFA Club World Cup to be held in Abu Dhabi.[30] Al Mubarak is also a member of the Board of Trustees for New York University, and as of 2013 was overseeing the development of a campus in Abu Dhabi.[31]

References

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Business positions Manchester City F.C. chairman
2008 – present
Incumbent