The UAE-based Mubadala Investment Company achieved 324% growth in total comprehensive income to reach 53 billion dirhams in 2019 compared to 12.5 billion dirhams in 2018. p>
According to the Emirates News Agency, investments in shares of joint-stock companies and investment portfolios contributed to this rise in addition to continuing to achieve growth for the company’s assets in various sectors, according to the annual report for the year 2019 released by the company today.
Mubadala has made a number of important deals and entered into new partnerships for the purpose of investing locally and globally in sectors aimed at strengthening the Abu Dhabi economy and contributing to the diversification of its resources.
Mubadala’s investments totaled 68 billion dirhams in 2019, invested in various assets and across a number of sectors that are experiencing steady growth, including the technology and life sciences sectors. , Health care, clean energy, transportation, fish and animal farming, and credit services.
In line with Mubadala’s long-term strategy in managing its investment portfolio, it achieved by selling a number of its assets, in addition to the distributions and returns from its investments amounting to 63 billion dirhams in a year 2019 .. The assets at the end of the year reached 853 billion dirhams, compared to 840 billion dirhams in 2018.
His Excellency Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director said that one of the most important pillars of the strategy for swapping investment with responsibility, strong partnerships, and a flexible approach to investment, is what enables us From dealing with the consequences of the Covid-19 virus pandemic that affected the global economy, and in this period in which we are facing this pandemic; We work continuously across our various companies to lend a helping hand to our local and other communities in which we do business.
He added: 2019 marked a milestone in Mubadala’s march, not only that we achieved strong financial results during the year, but also because we continued to enhance our investments in many assets, Sectors, and local and international markets, which contribute to achieving the economic diversification of Abu Dhabi.
On his part, Carlos Obaid, Chief Financial Officer of Mubadala Investment Company, said: In 2019, we continued to carefully manage our budget and achieved a debt-to-equity ratio of 11.8%, in line with Our approach is based on long-term investment, and the availability of cash flows from our investment portfolio will enable us to make rewarding new investments despite the economic conditions imposed by the Covid-19 pandemic.
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