[ad_1]
DUBAI, May 19 (Reuters) – Abu Dhabi sovereign investor Mubadala (MUDEV.UL) released its financial results for 2022 on Friday, showing earnings of 106 billion dirhams ($29 billion). , and said it outperformed global benchmarks.
Mubadala is the second largest state fund in Abu Dhabi, the capital of the UAE, after the Abu Dhabi Investment Authority (ADIA).
The wealth fund said it managed more than 1 trillion dirhams ($276 billion) in assets at the end of the year – unchanged from last year – and had deployed 107 billion dirhams that year.
Group CEO Khaldoon Khalifa al-Mubarak said in a statement: “Despite global headwinds impacting financial markets and investor sentiment, we outperformed our benchmarks, adhering to our long-term strategy of investing in key markets and sectors.”
Mubadala reported total consolidated revenue of a record 122 billion dirhams ($33 billion) in 2021, but said it would no longer issue the measure.
Mubadala said its portfolio was about the same as a year earlier, with 36 percent direct and indirect private equity, 27 percent public markets and 15 percent real estate and infrastructure.
($1 = 3.6717 United Arab Emirates dirhams)
Reporting by Clauda Tanios and Lisa Barrington; Editing by Jason Neely
Our standards: Thomson Reuters Trust Principles.
[ad_2]
Source link