Mubadala Announces 2010 Financial Results

According to the press release, “Financial highlights of the results are:

  • Revenue increased 22% year-on-year from AED 13.1bn to AED 16bn, as a result of a number of assets reaching operational milestones
  • Net profit for the year was AED 1.1bn and total comprehensive income for the year was a negative AED 315m, resulting from mark-to-market on investments
  • Total assets increased by 14% to AED 101.5bn
  • Total equity increased by 26% to AED 62.1bn in line with the approved contributions from the Government of Abu Dhabi
  • Total interest bearing liabilities remained flat while total debt to capitalization decreased from 37% to 30%
  • Strong liquidity position of AED 6.3bn
  • Credit ratings remain among the top corporate ratings in the region at Aa3/AA/AA by Moody’s, Fitch and S&P”

Read more: Mubadala Press Release

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