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Sovereign Wealth Funds Briefing - Categorized | Performance

Mubadala swings to $ 2.3 bln profit on investment gains

Posted on 23 March 2010

From Arabfinance.com: Mubadala Development Co., an Abu Dhabi government-backed investor with stakes in Carlyle Group and Ferrari SpA, posted a total comprehensive income of 8.6 billion dirhams ($2.3 billion) last year on investment gains.

Revenue almost doubled to 13.1 billion dirhams and total assets rose 75 percent to 88.5 billion dirhams, Mubadala said in an e-mailed statement today. The main contributors to the revenue were Dolphin Energy Ltd., SR Technics and changes in the valuation of investments in Advanced Micro Devices Inc., Aldar Properties PJSC, and Emirates Integrated Telecommunications Co………………………………Full Article: Source


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