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Mubadala 2017 revenue reaches Dh165.6b

By District Energy posted 04-29-2018 00:00

  

Gulf News

Summary

Abu Dhabi: Mubadala Investment Company on Sunday reported a total comprehensive income of Dh10.3 billion in 2017, double that of the income in 2016.

The company made gains from divestments of mature assets and the increase in value of financial holdings.

Mubadala also reported operating income of Dh10.7 billion last year compared to Dh9.6 billion in 2016 with petrochemical and aluminium manufacturing assets being the major growth drivers, Mubadala Investment Company said in a statement.

[...] In 2017, Mubadala completed the sale of a 40 per cent stake in Tabreed, its district cooling business, to Engie, a global energy leader for Dh2.8 billion. Mubadala remains the largest shareholder of the Abu Dhabi based district cooling utility company.

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#News
#UnitedArabEmirates
#Tabreed
#MiddleEast
#ENGIE
#MemberNews
#AbuDhabi
#DistrictCooling
#BusinessDevelopment
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