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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Mubadala reveals shrinking reliance on government funds

Posted on 23 March 2010

From Thenational.ae: Mubadala Development, the Abu Dhabi Government’s strategic investment arm, is becoming less reliant on government funding and diversifying its sources of revenue to lay the foundations for the next stage of growth, the company says.

Mubadala yesterday reported profits of Dh8.6 billion (US$2.34bn) for last year in its annual financial statement, and said it received Dh8.75bn in cash contributions from the Government………………………………Full Article: Source


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