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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Abu Dhabi sovereign fund back in profit

Posted on 12 April 2013

Abu Dhabi state investment fund Mubadala swung back into profit in 2012 as losses on its financial investments halved and revenues rose across its broad portfolio of companies.
Mubadala, which has a mandate to diversify the capital of the United Arab Emirates’ oil-reliant economy, reported net profit of Dh455m ($124m), compared with a loss of Dh3.2bn in 2011, when the fund was hit by impairments caused by declining financial and property markets………………………………….Full Article: Source


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