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Mubadala to triple assets
- United Arab Emirates: Thursday, October 22 - 2009 at 11:16
Mubadala Development, the Abu Dhabi government-backed investment firm, has said it plans to triple its assets in three years, Bloomberg has reported. 'That is a very realistic and achievable target,' Matthew Hurn, Mubadala's executive director of group treasury said. 'We're long-term, patient developers and deployers of capital, which means that actually a lot of the benefit doesn't come back until the plans are operational,' he added.
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StaffThursday, October 22 - 2009 at 11:16 UAE local time (GMT+4)
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