The Abu Dhabi firm reviewed participation in two funding rounds and its pipeline; the round totals are not MGX’s own investment amounts.
MGX said its board reviewed investment activity and portfolio performance at its third 2026 meeting on 19 October. It cited participation in Anthropic’s US$65 billion Series H and Databricks’ US$5 billion strategic round.
Those amounts describe the full rounds, not MGX’s individual contributions. The board also discussed its AI investment pipeline and possible liquidity options for some holdings; no new investment value was announced.
The MoU identifies potential knowledge work and co-financing in energy, water, agriculture, food security and digital infrastructure.
The company plans to present opportunities across its project pipeline; the announcement does not specify new awards.
The Ain Sokhna project targets 1.3 million tonnes a year and commercial production in 2031, subject to studies.
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