Mubadala board approves $1.5b bonds

Shaikh

Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Deputy Chairman of Mubadala Investment Company, yesterday chaired the first meeting of the executive committee of the company’s board.

The board has approved the issuance of new debt bonds worth $1.5 billion (Dh5.51 billion) by Mubadala Development, which is wholly owned by Mubadala Investment. It also approved the annual work plan and budget for 2017 along with many internal regulations, including the corporate governance and HR systems. (WAM)