Under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, we continue to deliver on Sheikh Zayed's legacy as we create opportunities for our people and strengthen our place in the world for generations to come.

Mubadala's work has been central to our nation's ambitions for more than two decades and the company continues to drive progress.

Through investments at home and internationally, Mubadala has laid vital foundations across our non-oil economy, established and nourished entirely new industries, and provided essential infrastructure to ensure the UAE's residents and the domestic economy can thrive.

These contributions have proven critical as the UAE manages through the COVID-19 crisis, side-by-side with the international community, and it is a point of pride that Mubadala has proactively participated in the global response.

Mubadala Healthcare has been at the forefront of our local response efforts, with portfolio companies at home and abroad living our corporate values as they help to tackle this crisis in a multitude of ways.

Current initiatives across the group include supporting customers and communities, supplying digital connectivity and vital medical supplies, promoting vaccine development, and applying big data in medical research and healthcare provision.

As we emerge from the current crisis, Mubadala's investments and partnerships with the world's leading pioneering organizations continue to advance the UAE as a globally connected and sustainable home for ideas and innovation within our region.

Mubadala exemplifies our values as a nation and will continue to lead as a global investor that delivers value for the UAE and for every community where we invest.

2019 was a landmark year for Mubadala. Not only did we have the strongest year in our history, but it was also the year in which we fully completed the transition to our mandate as Mubadala Investment Company.

Mubadala today is a well-diversified and resilient global institution. Our strategy is underpinned by a prudent approach to risk and downside protection, with the agility and drive to monetize assets and capture new opportunities at the right valuations.

In 2019, we invested in future-focused sectors, ranging from life sciences and medical technology, to artificial intelligence, transportation and agribusiness. These are all sectors that are driving global growth and addressing critical societal challenges.

We also strengthened our international presence, which now includes offices in New York, San Francisco, Moscow, and Rio de Janeiro, with a European team based in London. This expanded footprint will bring us closer to our markets, helping us to more effectively source new opportunities while facilitating engagement with our local partners.

2019 was also the year when the impact of climate change became ever more tangible, along with the importance of a managed transition to sustainable energy sources. We established Masdar in 2006 to become a leader in clean energy and sustainable technology, and it is a testament to our deep commitment to sustainable energy that the company now operates across 25 markets.

Establishing Abu Dhabi as a tech and innovation ecosystem for the Middle East and North Africa (MENA) region is a central priority, and Mubadala's commitment to Hub71 helped a range of influential technology investors and innovators establish in the Emirate during the year.

Over the years, Mubadala has consistently delivered value - both for the UAE and for the communities we invest in around the globe. This is something that we will continue to prioritize, especially as we seek to overcome the challenges caused by the COVID-19 pandemic.

I would like to personally thank our employees, especially members of our group working in the healthcare industry, for their commitment and hard work over the past year and especially during this crisis.

I'm confident that, collectively, we will emerge even stronger.