The total comprehensive income of the Mubadala Investment Company increased by 324%, to reach 53 billion dirhams during the past year, compared to 12.5 billion dirhams in 2018.
The annual report for 2019, issued by the company, yesterday, indicated that investments in shares of joint-stock companies and investment portfolios contributed to this rise, in addition to the continued growth of the company's assets in various sectors.
Mubadala has undertaken a number of important deals and entered into new partnerships, with the aim of investing locally and globally in sectors aimed at strengthening the Abu Dhabi economy, and contributing to the diversification of its sources.
Investments
The total investments of Mubadala amounted to 68 billion dirhams during the year 2019, which were invested in investing in various assets across a number of sectors that are experiencing steady growth, including the sectors of technology, life sciences, health care, clean energy, transportation, fish and animal agriculture, and credit services. .
In line with Mubadala’s long-term strategy in managing its investment portfolio, it achieved by selling a number of its assets, in addition to distributions and returns from its investments, an amount of 63 billion dirhams last year, while the volume of assets at the end of the year amounted to 853 billion dirhams, compared to 840 billion dirhams In 2018.
The most important foundations
“One of the most important pillars of (Mubadala) strategy is responsible investment, strong partnerships, and a flexible approach to investment, which enables us to deal with the consequences of the Covid-19 pandemic, which affected International Economy".
He added, "In this period when we are facing a pandemic, we work continuously through our various companies to lend a helping hand to our local community and other societies in which we do business."
Al-Mubarak said that “the year 2019 marked a distinctive mark in the (Mubadala) march, as this was not limited to our achievement of strong financial results during the year, but also for our continued enhancement of our investments in many assets, sectors, and local and global markets, which contributes to achieving the economic diversification of Abu Dhabi. ».
Management
For his part, Carlos Mubaid, Chief Financial Officer of Mubadala Investment Company said: “In 2019 we continued to carefully manage our budget, and achieved a debt-to-equity ratio of 11.8%, in line with our long-term investment approach, and the availability of cash flows from our investment portfolio, We will be able to make rewarding new investments, despite the economic conditions imposed by the (Covid-19) pandemic. ”
Achievements
Mubadala has made financial and operational achievements during the past year, as the company's investments are spread in 50 countries in the emerging and advanced markets, while direct and indirect investments in private stocks constitute 43% of the Mubadala portfolio, 21% in financial markets, and 11% in real estate Infrastructure, and other areas. The employment of "Mubadala" of 68 billion dirhams in a number of sectors and new and existing priority funds included the launch of two new funds with a capital of $ 250 million to invest in emerging technology companies in the region, as a contribution to establishing a sustainable technology environment in Abu Dhabi, through "HB71", In addition to the acquisition of Amanah Healthcare, to strengthen the network of health care facilities of "Mubadala".