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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Dunia’s net profit jumps 91pct on year

Posted on 30 July 2013

Dunia Finance, an Abu Dhabi-based company in which the emirate’s sovereign wealth fund Mubadala Development Company owns a stake, said yesterday it posted a net income of Dh55.6 million in the first half of 2013, 91 per cent higher than the corresponding period the previous year.
“New customer acquisition, alongside a deepening of relationships with existing customers, helped Dunia deliver strong top line revenue and income growth. During the first half, the company saw revenues of Dh166.4 million, up 27 per cent from Dh131.3 million compared to the first half of 2012,” the finance company said in a statement………………………………..Full Article: Source


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