Abu Dhabi state fund Mubadala posts record income in 2021 | Reuters
Abu Dhabi state investor Mubadala posted a record income of 122 billion dirhams ($33 billion) in 2021, citing strong investment returns, the monetisation of some assets and new partnerships.
"2021 was Mubadala's strongest financial year in its 20-year history," Group CEO Khaldoon Khalifa al-Mubarak said in a statement.
The 2021 result for so-called total comprehensive income was up 69.4% on the 72 billion dirhams achieved in 2020.
Mubadala's assets under management rose to 1,045 billion dirhams, from 894 billion in 2020, it said.
It invested 125 billion dirhams during 2021 in key sectors in the United Arab Emirates and internationally, including 2.5 billion dirhams in CityFibre, Britain's largest independent fibre infrastructure platform.
It also expanded an existing partnership with Bpifrance with 4 billion euros to invest in developing French enterprises.
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