Abu Dhabi’s Mubadala posts 12.4 per cent rise in 2015 profit Mubadala, the Abu-Dhabi-government-owned investment fund, said on Thursday (March 31) that its 2015 profit rose 12.4 per cent on the back of high income from investments in healthcare, real estate and infrastructure activities. The net profit attributable to the owner of the fund rose to AED1.2 billion last year, compared with AED1bn in 2014, the company said. Revenues rose to AED34.05bn from AED32.6bn in the same period while total assets increased to AED246.3bn versus AED243.6bn during the period in 2014. Total comprehensive income, which comprises all forms of income, fell to a loss of AED1.3bn in 2015, against a loss of AED0.2bn in 2014. “Mubadala managed through the significant macroeconomic volatility of 2015 to mark moderate increases in revenue and profit,” said Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director of the company. Al Mubarak said the company remains “resolutely focused on prudent cash management and cost control, as well as active oversight of our assets, in order for us to navigate the anticipated challenging market conditions of 2016 and beyond.”
