Mubadala an­nounces H1 2017 fi­nan­cial re­sults

The Gulf Today - Business - - 2uae -

ABU DHABI: The Mubadala In­vest­ment Com­pany has an­nounced its half-year 2017 inan­cial re­sults end­ing 30th June, 2017, and has an­nounced that rev­enues were Dhs83.4 bil­lion, com­pared to Ghs72.9 bil­lion for the same pe­riod in 2016 due to strong per­for­mance and higher rev­enues across Mubadala’s four in­vest­ment plat­forms.

The re­sults in­cor­po­rate the Mubadala De­vel­op­ment Com­pany, MDC, and In­ter­na­tional Petroleum In­vest­ment Com­pany, IPIC, inan­cial state­ments from the irst half of 2017.

Com­ment­ing on the an­nounce­ment, Group Chief Ex­ec­u­tive Ofi­cer and Man­ag­ing Di­rec­tor, Khal­doon Khal­ifa Al Mubarak, said, “The re­sults from the irst half of 2017 relect the strength and scale of Mubadala In­vest­ment Com­pany’s di­ver­si­ied global port­fo­lio and ro­bust bal­ance sheet. We will con­tinue to in­te­grate, op­ti­mise and grow the com­pany’s as­sets un­der our global busi­ness plat­forms, to cre­ate and re­alise max­i­mum inan­cial and strate­gic re­turns to sup­port di­ver­si­ica­tion of the econ­omy of Abu Dhabi and the coun­try.”

Chief Fi­nan­cial Ofi­cer, Car­los Obeid, said, “In the irst half of 2017, we worked to in­te­grate the two port­fo­lios un­der the Mubadala In­vest­ment Com­pany.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.