São Paulo – Mubadala Development Company, the holding controlled by the Abu Dhabi’s government, released this Thursday (31) its 2015 balance report. According to information from the Emirates News Agency (WAM), the company had revenues of AED 34.1 billion (USD 9.3 billion) against AED 32.7 billion (USD 8.9 billion) in 2014. The company’s profit was AED 1.2 billion (USD 327 million) against AED 1 billion (USD 272 million) in the previous year.
The increase in revenues, according to WAM, was driven by the holding’s actions in the sectors of semiconductos, information and communication technologies, healthcare, real estate and infrastructure. The company invests in different sectors and countries, including Brazil.
“A Mubadala conseguiu ter um crescimento moderado do faturamento e do lucro apesar da volatilidade macroeconômica significativa de 2015”, disse o diretor-gerente da companhia, Khaldoon Khalifa Al Mubarak, de acordo com a WAM.
“Mubadala managed through the significant macroeconomic volatility of 2015”, said the group’s CEO and managing director, Khaldoon Khalifa Al Mubarak, as reported by WAM. He added that the international market conditions this year will remain “challenging” and, in this sense, the company will remain focused on “prudent” cash management and cost control.
According to WAM, among the business highlights of 2015 are the creation of a joint venture with Dutch multinational Trafigura in the mining sector; the acquisition of IBM’s microelectronics business by Globalfoundries, Mubadala’s subsidiary company in a partnership with AMD; the launching of a USD 10 billion global investment fund with Chinese organizations for investments in China and in the UAE; Strata, the Al Ain-based Mubadala’s subsidiary was awarded a contract to manufacture parts of the Airbus A350 -1000; the beginning of production by a third oil field of Mubadala Petroleum in Thailand; and the inauguration of the global headquarters of the International Renewable Energy Agency in Masdar City, Abu Dhabi.
Mubadala’s total assets in 2015 were AED 246.4 billion (USD 67 billion), against AED 243.6 billion (USD 66.3 billion) the previous year.
*Translated by Sérgio Kakitani
