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Sovereign Wealth Funds Briefing - Categorized | Performance

Abu Dhabi’s Mubadala returns to profit

Posted on 23 March 2010

From AFP: Abu Dhabi’s Mubadala Development Co., a stakeholder in luxury carmaker Ferrari, swung back to profit in 2009 as value of investments rebounded, posting Monday a 1.3 billion dollar profit.

The government-owned company posted 4.79 billion dirhams (1.3 billion dollars) in profit attributable to equity holders, compared to a loss of 11.44 (3.1 billion dollars) registered in 2008, according to an audited financial statement posted on the company’s website………………………………Full Article: Source


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