Total comprehensive income increases to AED 5.3 billion, from AED 1.6 billion in 2012;
Development of industry sectors within the UAE drives significant growth of total assets to AED 223.8bn
Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, today announced its full year financial results and business highlights for 2013. The results reflect a strong financial and operational performance, with growth in UAE-based sectors including aerospace, aluminium manufacturing and renewable energy.
Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said:
“2013 was a strong year of financial returns and major project delivery for Mubadala. Growth of our diversified global financial portfolio was complemented by significant accomplishments in the Emirate, including the creation of a new global industrial champion in Emirates Global Aluminium and progress across other industry sectors. We also increased our international investments and formed new partnerships that will drive growth in our global platforms and increase our presence in key markets.”
Business highlights from across the Mubadala Group in 2013 include:
Financial highlights for the period ended 31st December 2013 were as follows: