Dh1.1bn profit for Abu Dhabi’s Mubadala as global investments pay off | The National

Dh1.1bn profit for Abu Dhabi’s Mubadala as global investments pay off | The National:

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Operational highlights for Mubadala have included the official opening of the
Shams 1 concentrated solar plant in the Abu Dhabi Western region.
Photo courtesy Mubadala

Mubadala’s first-half profit rose by more than 10 per cent to Dh1.1 billion helped by the performance of investments from microchips to aircraft parts.

The results did not reflect the impact of recent changes to Mubadala’s investment in the Brazilian conglomerate EBX. In July, Mubadala modified the terms of its US$2 billion investment in EBX as the group’s embattled owner Eike Batista restructures his business empire.

As the deal was struck after June 30, Mubadala’s EBX assets were still valued at their initial investment value in the latest results."

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