Mubadala announces H1 2017 financial results
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.