Khaldoon Al Mubarak

Khaldoon Khalifa Al Mubarak(Arabic: خلدون المبارك‎‎; born 1976) 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. 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."

Early life

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.

Petroleum

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

Real estate and construction

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, an 8.1% share in AMD, a 7.5 percent share in the Carlyle Group, and a share in General Electric.

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

Government

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

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."

Formula-1 racing

Al Mubarak, as chairman of the Abu Dhabi Motor Sport Management Company, 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

In early September 2008, and after negotiations led by Dubai-born businessman Sulaiman Al-Fahim 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. 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, in a deal that was both welcomed and questioned 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.

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. 2-1 at the final. On 13 May 2012, with two goals scored in stoppage time in the last game of the season, played at their home stadium, and amidst "scenes of near bedlam," 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 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.

Institutional oversight

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.

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

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

Personal life

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

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

In 1984, when Al Mubarak was a child, a family relative, UAE ambassador to France Khalifa Al Mubarak, was assassinated in Paris by Abu Nidal's terrorist group.