Abu Dhabi-based investor Mubadala Investment Company has announced the launch of Sanad, a new company designed to increase the company's long-term growth.
Sanad will integrate MRO specialists Sanad Aerotech, energy and industrial MRO service provider Sanad Powertech and leasing partner Sanad Capital (formerly known as Sanad Aero Solutions).
The new aviation powerhouse will provide holistic and comprehensive solutions to support its customers.
The Abu Dhabi-based Sanad will build on more than three decades of aviation experience to grow its customer base regionally and globally.
Badr Al-Olama, head of Mubadala Aerospace, commented: “Sanad will spearhead Mubadala’s strategic investments in key technologies and capabilities to enhance and strengthen its global positioning. As a trusted partner providing holistic services in aviation and industrial MRO, engine financing, and leasing, Sanad will play a key role in promoting Abu Dhabi as a global aerospace hub.”