Mubadala’s total comprehensive income soars to AED122 billion

Mubadala’s total comprehensive income soars to AED122 billion

Local News, Uncategorized















Abu Dhabi / WAM

Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the group, achieving a total comprehensive income (TCI) attributable to the owner of AED 122 billion for the year, compared to AED 72 billion in 2020.

At year end, assets under management across the group stood at AED 1,045 billion compared to AED 894 billion in 2020.

Growth was supported through investment returns, monetising certain assets and new partnerships. Mubadala listed its wholly owned semiconductor manufacturing company, GlobalFoundries, on the Nasdaq, valuing the company at nearly $26 billion in one of the biggest flotations of 2021 in the United States.

Yahsat’s IPO on the Abu Dhabi Securities Exchange supported the growth of Abu Dhabi as a capital marketplace and raised $731 million. Adnoc and Taqa became shareholders in Masdar, which was founded by Mubadala in 2006, to boost its renewable energy capacity to over 50 gigawatts by 2030.

Managing Director and Group Chief Executive Officer Khaldoon Khalifa Al Mubarak said, “Mubadala continues to invest in sectors that are changing the world and impacting global business. As markets rose and the