Mubadala Announces Operation and Financial Highlights for 1st Half of 2010

Near the bottom of the press release it states, “Mubadala’s Total Comprehensive Income (TCI) for the period was a negative AED 4.5 billion. This result reflects an unrealized loss of AED 4.4 billion from Mubadala’s public markets investments due to the decline in the local and global markets during the first half of this year. These investments are important components of Mubadala’s long term strategy, and the company recognizes that share price fluctuations will have a positive or negative effect on its periodical reporting of financial performance.

Mubadala’s total assets under management stood at AED 86.1 billion at the end of the first half of 2010. Total equity decreased 4.7% to AED 46.6 billion in the first half of 2010 from AED 48.9 billion in December 2009. Recently, Mubadala’s Board of Directors approved increasing Mubadala’s share capital from AED 5.5 billion to AED 15 billion through the conversion of certain shareholder rights.  The share capital increase is currently in the process of being formalized.”

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