Yesterday, the Mubadala Investment Company “Mubadala” announced the group’s financial results for the year 2022, achieving revenues of 106 billion dirhams, while at the end of last year it maintained assets worth more than one trillion dirhams.
And Mubadala stated in a statement yesterday that it had invested 107 billion dirhams in business sectors that shape the features of the future, such as life sciences, renewable energy and digital infrastructure, as well as investing in sectors that provide stable financial returns, such as real estate and traditional infrastructure, noting that it recorded a rate of Indebtedness of 8.5%, down from 2021.
Khaldoon Khalifa Al Mubarak, Group Managing Director and CEO, said, “Despite global challenges that have greatly affected financial markets and investor sentiments, we have achieved levels of performance that exceeded global indicators, and maintained our long-term strategic approach to investing in major markets and business sectors.”
He added, “We were keen to invest more investments in the other alternative investment sector, including private equity and private credit, to overcome any fluctuations in traditional asset classes.”
He explained, “The proceeds were achieved from the sale of a number of mature assets at the appropriate value, with the aim of employing them in new investments in business sectors and geographical regions with high potential, including Asia, which we believe has great investment potential in the areas of technology, digital infrastructure and energy transformation.”
107
Billions of dirhams of the company’s investments in “future sectors” last year.
2023-05-19 22:01:00
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