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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Mubadala strategy pays dividends

Posted on 25 March 2011

Mubadala Development has experienced a huge shift in its revenue mix in the past three years as it reduces reliance on energy. Mubadala, a strategic investment company owned by the Abu Dhabi Government, yesterday reported a 22 per cent rise in revenues last year to Dh16 billion (US$4.35bn), due largely to the maturation of a range of non-hydrocarbon businesses it played a critical role in starting.
Those companies include Emirates Aluminum (Emal), an aluminium maker it built in partnership with Dubai’s Dubal……………………………………….Full Article: Source

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