Masdar is backed by shareholders TAQA, ADNOC, and Mubadala. Masdar grew its portfolio by 62% in 2024, reaching 51GW, over half its 2030 target of 100GW. Operational and under-construction capacity nearly doubled to 32.6GW. In May 2025, the company issued an additional $1 billion green bond, bringing its total green bond program to $2.75 billion since its launch in 2023. Masdar’s longest-serving CEO, Al Ramahi, joined Masdar in 2008, serving in several C-suite positions, including CFO and COO, before becoming CEO in 2016.