International Diplomat Magazine

Mubadala’s revenues increase to Dh 32.7 bln

Mubadala's revenues increase to Dh 32.7 bln
Mubadala’s revenues increase to Dh 32.7 bln

(Abu Dhabi) – Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, announced its full year audited financial and operational results for 2014.
Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said: “Mubadala’s 2014 financial results reflect a resilient operating performance with one billion dirhams of profit, revenues increasing across all four of our global platforms and operating income more than doubling compared to last year. Our delivery of major priorities – including Cleveland Clinic Abu Dhabi, Emirates Global Aluminium, and Al Maryah Island, the home of Abu Dhabi Global Market – furthers the emirate’s economic vision of greater diversification and opportunity.”
Business highlights from across the Mubadala Group in 2014: Emirates Global Aluminium was formally incorporated as a stand-alone business, creating a new industrial champion for the UAE, with a total annual production of 2.4 million tons.
(Courtesy WAM)