In its annual report, Mubadala said its total assets grew last year from 39 billion dirhams to more than 54 billion dirhams, or about $14.79 billion. Amid its acquisition spree, the company -- owned by the government of Abu Dhabi, the oil rich emirate that is the capital of the United Arab Emirates -- said revenues for the year increased 370% to 6.7 billion dirhams, or $1.84 billion.
But Mubadala said it wrote down the value of its global investments by 8.8 billion dirhams, or $2.41 billion, contributing to its big annual loss. The company said it had a profit of $1.3 billion dirhams, or $356.2 million, in 2007.
Mubadala receives cash from the government, which underpins their investments, and that will continue, but no doubt, Mubadala will bounce back from this. The best piece of new from all of this is the transparency with which they have disclosed the information. They don't need to share the information, but they have done. It's a smartly produced report with all the required information and it is worth reading.
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Mubadala’s 2008 annual Report