13.04.2012 - Abu Dhabi fund Mubadala's 2011 loss soars to $1.14 bln
Mubadala, the Abu Dhabi government's investment vehicle, on Thursday reported an overall loss for 2011 of $1.14 billion as volatile global markets led to a sharp drop in the value of its financial investments and real estate portfolio. The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, made an overall loss of 4.2 billion dirhams ($1.14 billon) in 2011, compared with a loss of 338 million dirhams in 2010, it said in a statement...............................................Full Article: Source
Print