UAE's Mubadala Aerospace merges its capital, MRO businesses | ZAWYA MENA Edition:
Abu Dhabi-based Mubadala Investment Company has launched Sanad, which will be the parent company of Mubadala Aerospace’s, aviation and industrial services subsidiaries.
The three subsidiaries are Sanad Aerotech, which is the specialist aircraft engine MRO (maintenance, repair, and operations) business, Sanad Powertech, the energy and industrial MRO service provider, and Sanad Capital which is a dedicated leasing firm for aerospace industry.
Sanad aims to grow the firm’s customer base regionally as well as globally, and foster long term growth of aerospace and industrial services sectors in the UAE capital.
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