03 APRIL 2015AlCircle.com
Mubadala reports record profit for full year 2014
Edited by : AL CIRCLE
1 min read
Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, today announced its full year audited financial and operational results for 2014.
Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said:
“Mubadala’s 2014 financial results reflect a resilient operating performance with one billion dirhams of profit, revenues increasing across all four of our global platforms and operating income more than doubling compared to last year. Our delivery of major priorities - including Cleveland Clinic Abu Dhabi, Emirates Global Aluminium, and Al Maryah Island, the home of Abu Dhabi Global Market - furthers the emirate’s economic vision of greater diversification and opportunity.”
One of the major Business highlights for the group in 2014 was the formation of Emirates Global Aluminium( EGA) which was formally incorporated in 2014 as a stand-alone aluminium business, creating a new industrial champion for the UAE, with a total annual production of 2.4 million tons.
Operating income for Mubadala was AED 4.3 billion compared to AED 2 billion in 2013, a major part driven by improved income coming especially from investment in Emirates Global Aluminium.
For detail information on the financial result, please visit Mubadala website.
Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said:
“Mubadala’s 2014 financial results reflect a resilient operating performance with one billion dirhams of profit, revenues increasing across all four of our global platforms and operating income more than doubling compared to last year. Our delivery of major priorities - including Cleveland Clinic Abu Dhabi, Emirates Global Aluminium, and Al Maryah Island, the home of Abu Dhabi Global Market - furthers the emirate’s economic vision of greater diversification and opportunity.”
One of the major Business highlights for the group in 2014 was the formation of Emirates Global Aluminium( EGA) which was formally incorporated in 2014 as a stand-alone aluminium business, creating a new industrial champion for the UAE, with a total annual production of 2.4 million tons.
Operating income for Mubadala was AED 4.3 billion compared to AED 2 billion in 2013, a major part driven by improved income coming especially from investment in Emirates Global Aluminium.
For detail information on the financial result, please visit Mubadala website.
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