UAE's Mubadala sees managed assets tripling in 5 yrs

Newswire

ABU DHABI, April 29 (Reuters) - Abu Dhabi investment firm Mubadala Development Co, which will price benchmark dollar bonds on Wednesday, expects its managed assets to rise three-fold from 54 billion dirhams ($14.7 billion) by 2014, its CEO said. "Given our current asset base of 54 billion dirhams over the next five years it will grow over three times," Waleed al-Muhairi told a conference. The investment body made a loss of 11.8 billion dirhams last year due to the global financial ...

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