Abu Dhabi's Mubadala 2013 profit jumps on financial investments | Reuters:
"Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, said on Thursday its 2013 net profit tripled as it benefited from a strong performance by its financial investments.
Mubadala, which has stakes in General Electric and private equity firm Carlyle, made a profit attributable to equity owners for 2013 of 1.45 billion dirhams ($395 million) compared with 470 million dirhams in the previous year, according to its financial statement.
Total comprehensive income, which comprises all forms of income, jumped to 5.3 billion dirhams in 2013 from 1.6 billion dirhams in the previous year, which the fund attributed to growth in its financial investments."
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