Mubadala, the Abu Dhabi government's investment vehicle, expects its investment outlay in 2012 to be slightly lower than last year's after saying its overall annual loss surged due to volatile global markets.
The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, made an overall loss of 4.2 billion dirhams ($1.14 billon) in 2011, compared with a loss of 338 million dirhams in 2010, it said in a statement.
Mubadala, which set a capital and investment expenditure of $16.3 billion for 2011, said that amount is expected to be lower in the current year.
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