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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Mubadala posts comprehensive loss of $86 mln for 2010

Posted on 25 March 2011

Mubadala Development Co., an Abu Dhabi government-owned investor with stakes in Carlyle Group and General Electric Co. (GE), posted a comprehensive loss of 315 million dirhams ($85.8 million) for 2010, because of declines in “mark- to-market” investments.
The loss followed a comprehensive profit of 9 billion dirhams in 2009, according to an e-mailed statement………………………………………Full Article: Source

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