UAE - Mubasher: Mubadala Investment Company reported assets under management (AUM) of AED 853 billion in 2019, up from AED 840 billion in the earlier year.
The company's total comprehensive income amounted to AED 53 billion last year, compared to AED 12.5 billion in 2018, according to the company's press release on Thursday.
The increase in the total comprehensive income is attributed to Mubadala's public equities portfolio, funds, and assets across various sectors.
In addition, the Abu Dhabi sovereign investor has monetised mature assets worth AED 63 billion in 2019.
Completing important transactions in the previous year, the company has locally and internationally invested AED 68 billion in various asset classes and sectors, including healthcare, life sciences, and transportation.
The Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, noted: "As the world faces a global pandemic, we are working across our portfolio in partnership with communities which have been hit hard by COVID-19."
Meanwhile, the Chief Financial Officer, Carlos Obeid, said: "In 2019, we continued to manage our balance sheet carefully, with a prudent debt-to-equity ratio of 11.8%. With a strong cash position, we will continue to look for opportunities in public funds and private assets as we manage through this complex economic cycle."
