Thursday, 24 March 2011

Abu Dhabi's Mubadala 2010 loss 315 million dirhams, UAE Industries - Maktoob News

Abu Dhabi government's investment vehicle Mubadala posted a comprehensive loss of 315 million dirhams in 2010 due to mark to market writedowns, it said on Thursday.

Mubadala, which holds stakes in Advanced Micro Devices Inc and Ferrari, as well as General Electric and private equity firm Carlyle, said total assets increased by 14 percent to 101.5 billion dirhams in 2010.

Revenue rose 22 percent year-on-year to 16 billion dirhams.

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