Mubadala Investment Company, the sovereign fund of Abu Dhabi, saw its income increase by 35.8% during the last year, 2020, bringing the total comprehensive income (return to the owning entity) at the end of the year to 72 billion dirhams, compared to 53 billion dirhams in 2019 (with one dollar equivalent to 3.67 dirhams). The value of assets owned by Mubadala also rose by 4.8%, reaching 894 billion dirhams by the end of 2020, compared to 853 billion dirhams in 2019.
Mubadala stated in a release on its website that the income recorded in 2020 is the largest annual total in the company's history, despite the impacts of COVID-19, thanks to several factors, mainly: growth in its equity portfolio, the performance of its investment funds, and growth in its assets across various business sectors.
The company injected new investments worth 108 billion dirhams during the last year in multiple areas, including technology, life sciences, and consumer goods, which enhance its strategic focus on sectors with strong growth potential.
According to the company's statement, the achievement of these results was driven by its strategic direction towards increasing investments in sectors experiencing robust growth, such as technology, life sciences, and consumer goods, through direct investments and partnerships with specialized fund management companies.
Investments throughout 2020 played an important role in strengthening this strategy, including long-term investment agreements in technology with Silver Lake, in life sciences with PCI Pharma in the United States, and in the consumer goods and telecommunications sector with Reliance Group in India, alongside new investments with Apex Partners, Citadel, I Squared Capital, and CVC.
