Record income for Mubadala following $29 billion investments in tech and life sciences

Mubadala Investment Company has reported a 36 percent rise in total income to AED72 billion ($19.59 billion) after a year of frenetic deal making and significant growth in its public equities portfolio and funds. In 2020 alone, Mubadala invested AED108 billion ($29.39 billion) in telecom, pharma and tech. While UAE and US remain its largest geographic areas of focus, it also invested through its sovereign investment partnerships in France, China and Russia. Total assets under management now stand at AED894 billion ($243 billion).

Read the original report on Arab News: Mubadala reports record income after $29bn tech and life sciences spending spree