Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

UAE

Mubadala Revenue Almost Doubled To $3.57Bn In 2009

Mubadala Development Company saw its revenue for 2009 almost double from the previous year to Dh13.1bn ($3.57bn), it announced in audited year-end financial results on 22 March. A significant contribution came from its semi-state owned asset, gas company Dolphin Energy, which saw its revenue reach Dh2.8bn ($0.76bn) while closing its Dh15.1bn ($4.11bn) refinancing. The increase in...