Total income declined 9 per cent year-on-year to Dhs11.54bn
For 2020, Mubadala said its total comprehensive income rose to Dhs72bn
Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020
SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019
The decline was attributed to a substantial increase in impairment provisions and lower operating profit
Total income of Dhs23.2bn improved 4 per cent year-on-year
Income still increased for the first time in five quarters as oil prices steadied
Its operating profit of Dhs707.3m for Q1-Q3 2020 plummeted from Dhs862.3m during the same period last year
Total income for the first nine months of 2020 amounted to Dhs18.27bn
The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019
At end of 2019, its assets under management (AUM) stood at Dhs853bn, compared to Dhs840bn in 2018