FINANCIAL NEWS

UAE’s Mubadala profit grows by 12.4 percent in 2015

31 Mar 2016

(MENAFN) Abu Dhabi state-owned investment fund Mubadala recorded a 12.4 percent increase in 2015 income, supported by higher income from investments.

Moreover, the firm made a net profit of USD 315.8mn in 2015, up from USD 0.28bn in the previous year.

Additionally, whole income which dropped to a loss of USD 0.35bn in 2015, compared with a loss of USD 51.93mn in 2014.

The firm received instructions from its shareholder to change interest-free loans previously offered to it with value of USD 5.0bn into equity.

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