Revenues increase 12% to AED 31.3 billion; Assets grow by 15% to AED 202.8 billion
Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, today released its full year financial statements for 2012.
“As we celebrate 10 years of operations, we continue to deliver key social infrastructure for Abu Dhabi and build out our global platforms, in line with the company’s mandate to support the Emirate’s diversification and development,” said Mubadala CEO and Managing Director, Khaldoon Khalifa Al Mubarak. “Mubadala continues to catalyze new centers of excellence, helping to further Abu Dhabi’s position as a global leader in key sectors.”
Business highlights from across the Mubadala Group in 2012 included:
Financial highlights for the full year 2012:
“Our 2012 financial performance is a reflection of how we manage our portfolio, with certain key assets and projects reaching further maturity and improved market conditions positively impacting the value of many of our financial investments,” said Mr. Al Mubarak. “Looking ahead we remain resolutely focused on building our globally integrated business, creating further opportunities for current and future generations and helping realize Abu Dhabi’s ambition of becoming a diversified and innovation-driven economy.”