Mubadala to acquire a stake in Group 42.

Mubadala, an Abu Dhabi-based sovereign investment company, agreed to acquire a stake in Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, via the integration of Injazat and Khazna Data Centers. Financial terms were not disclosed. “We believe Injazat and Khazna’s respective expertise in end-to-end digital and data center solutions will significantly expand and enhance our product and service offering for our clients, and we welcome them into our ecosystem. These are two great technology entities, and this agreement reflects G42’s continuous effort to deliver cutting-edge, AI-enabled solutions to the region. Equally, we are looking forward to the expertise Mubadala brings to our organization, having founded and grown not only these two thriving companies, but also other complementary businesses,” Peng Xiao, Group 42 CEO.