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Sovereign Wealth Funds Briefing - Categorized | Performance

Abu Dhabi fund Mubadala’s H1 profit up 10.4 pct on investment gains

Posted on 27 September 2013

Mubadala, the Abu Dhabi investment fund with a mandate to develop the emirate’s local economy, on Thursday posted a 10.4 percent rise in first-half profit boosted mainly by income from financial investments.
Mubadala, which has stakes in General Electric and private equity firm Carlyle, said profit attributable to equity owners for the first half of the year was 1.1 billion dirhams ($299.5 million), compared with 984.7 million dirhams in the corresponding period last year………………………………………..Full Article: Source


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