Mubadala announces a total comprehensive income of Dhs72 billion

mubadala comprehensive income investments mubadalas
Middle East
  • Date: 07-May-2021
  • Source: Gulf Today
  • Sector: Economy
  • Country: Middle East
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Mubadala announces a total comprehensive income of Dhs72 billion

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Mubadala Investment Company on Thursday released its 2020 financial results for the Group. In 2020, Mubadala achieved a Total Comprehensive Income attributable to the owner of Dhs72 billion for the year, compared to Dhs53 billion in 2019.  It is the largest TCI in Mubadala’s history, driven by significant growth in Mubadala’s public equities portfolio and funds, as well as the company’s assets across various sectors.  

The performance was also attributable to Mubadala’s multi-year strategy to increase investments in sectors with growth ‘tailwinds,’ such as technology, life sciences, and consumer goods, through direct investments and partnerships with leading fund managers.  Major investments in 2020 reinforced that strategy, including long-term agreements with Silver Lake in technology; in life sciences with PCI Pharma in the US; and in consumer goods and telecommunications with the Reliance Group of India. Other significant investments included

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