Mubadala’s total comprehensive income increases to AED122 billion

Mubadala’s total comprehensive income increases to AED122 billion

WAM: Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the Group, achieving a Total Comprehensive Income (TCI) attributable to the Owner of AED 122 billion for the year, compared to AED 72 billion in 2020.

At year end, Assets Under Management across the group stood at AED 1,045 billion compared to AED 894 billion in 2020.

Growth was supported through investment returns, monetising certain assets and new partnerships. Mubadala listed its wholly owned semiconductor manufacturing company, GlobalFoundries, on the NASDAQ, valuing the company at nearly $26 billion in one of the biggest flotations of 2021 in the United States.