Mubadala’s total profit in 2018 is AED 12.5 billion

Abu Dhabi 29-07-2019
Mubadala Investment Company (Mubadala) today announced the release of its annual report for 2018, which reviews operational performance and significant portfolio growth in various sectors with strong growth potential despite turbulence in global markets in the last quarter of 2018. The Group achieved stable financial results , With total income of AED 12.5 billion.
As part of its strategy to diversify its investments, Mubadala sold a number of mature assets totaling AED 55.4 billion, employing AED 70.1 billion by reinvesting returns on asset sales and by investing additional funds in existing sectors such as Technology, aviation, commodities, securities and new sectors, such as pharmaceutical, medical, agribusiness and fish farming.
HE Khaldoon Khalifa Al Mubarak, Group Chief Executive Officer and Managing Director, said: “Mubadala is working as a global investor to boost financial returns, achieve strategic value for Abu Dhabi and move towards a vision to build an economic base that focuses on the future and integrates with the global economy. The Abu Dhabi Investment Council joined the group as a qualitative leap that will further strengthen Mubadala’s position as a global investor across multiple sectors.
He added: “Technological developments create valuable potential in the various sectors in which we invest. This gives us the opportunity to strengthen our position as an influential global investor and further expand our investments and strengthen our relationships to support Abu Dhabi and establish itself as a leading technology destination in the Middle East and North Africa. Mubadala has the unique capabilities of its human resources, its global network of partnerships and a record of achievements that enable it to fulfill its mission to contribute to the economic progress of the Emirate of Abu Dhabi.
Carlos Obaid, Chief Financial Officer, Mubadala Investment Company, said: “The size and diversity of the portfolio and the balanced cash flow achieved by the Group have contributed to the achievement of consistent financial and operating performance in 2018, despite the challenging and challenging market conditions, .
“ADIB’s joining the Mubadala Group has further strengthened our investment portfolio. While we are investing in new asset classes, our focus remains on achieving a strong balance sheet, maintaining low indebtedness and risk management throughout the business. .
Mubadala Financial and Operating Company’s total income for the year 2018 was AED 12.5 billion compared to AED 10.3 billion in 2017. The total assets amounted to AED 841 billion, compared to AED 469 billion in 2017. The increase in total assets and total income was supported by the Abu Dhabi Investment Council The company has achieved AED 55.4 billion through the sale of mature assets domestically and externally. Mubadala has invested AED 70.1 billion in existing and new priority sectors. The new sectors include specialized pharmaceutical industries, medical technology, agribusiness and fish farming.
Mubadala also continued to invest capital in investments around the world, including the launch of a joint investment with Tanyo, Greece’s new economic development fund. The firm also opened offices in Moscow and San Francisco to join its global office network Rio de Janeiro, the Hong Kong Joint Office, and opened an office in New York in early 2019.
This expansion reflects Mubadala’s willingness to generate financial returns from investments in different geographic regions and asset classes and has launched a new technology fund to support projects in this field targeting emerging and leading technology companies in the UK and Europe. Of repayments, new issuances, and leverage foreign exchange movements.