Mubadala announces an increase of its assets of 841 billion AED

Mubadala Mubadala Investment Company (Mubadala) announced an increase in its badets in 2018 compared with the previous year, as well as its total gross income.

The company said in its annual report for 2018 that its badets increased this year to 841 billion dirhams, after 469 billion dirhams in 2017.

The company's annual report reviews operational performance and significant portfolio growth in a variety of sectors with high growth potential.

Despite turbulence in global markets in the last quarter of 2018, the Group achieved stable financial results with total gross revenue of AED 12.5 billion compared to AED 10.3 billion in 2017, "said Mubadala.

Mubadala said that the increase in badets and total gross income had been supported by the Abu Dhabi Investment Council (ADIC).

As part of its investment diversification strategy, Mubadala sold a number of badets domestically and externally after reaching maturity for a total of AED 55.4 billion.

The company has invested AED 70.1 billion by reinvesting proceeds from badet sales and investing additional funds in existing sectors such as technology, aviation, commodities, securities and more. new sectors such as pharmacy, medicine, agri-food and fish farming.

The company has opened offices in Moscow and San Francisco to join its global network of offices in Rio de Janeiro and the Hong Kong joint office, and has opened an office in New York in early 2019.

In March 2018, the Abu Dhabi Investment Board joined the Mubadala Group, which has diversified its companies and investments to more than AED 841 billion ($ 229 billion).

These investments are spread across five continents and cover various global business sectors such as aviation, information and communication technologies, semiconductors, metals and mining, clean energy, oil and gas, petrochemicals, utilities, health, real estate, pharmaceuticals, medical technology and agri-food. Fish farming and global financial investments.