Friday 13 April 2012

Abu Dhabi wealth fund hit by $1.1bn loss - FT.com

Mubadala, the Abu Dhabi government investment company, made a 4.2bn UAE dirham ($1.14bn) loss last year as declining financial and real estate markets led to big writedowns.
The sovereign wealth fund, which owns stakes in Carlyle Group and General Electric, is one of the few Gulf state investment vehicles to publish audited financial results. Its disclosure is a rare insight into the performance of one of the region’s most high-profile investors.

No comments:

Post a Comment