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Let me introduce myself first. my name is Rashed Al Harmoodi and I work for Mubadala Development Company. Mubadala believes that Wikipedia is a vital source of information and an important collection of knowledge. However, having reviewed this entry, it appears that some of the information on Mubadala is inaccurate. We have prepared a list of suggested changes below, and we would like to appeal to the community of Wikipedia editors to review these suggestions and make edits to the entry as appropriate to ensure accuracy and balance.
1) Some of the information on the percentage of ownership in other companies is inaccurate. I've listed those companies below and the correct ownership figure by Mubadala (along with 3rd party sources). I've also included a link to Mubadala's annual report (that was audited by KPMG) which lists most of the companies Mubadala owns and the percentage of ownership in said companies.
* Advanced Micro Devices (AMD) 19.3%. Source: http://news.cnet.com/business-tech/?keyword=Mubadala
* Aldar 18.9%. Source: http://www.bloomberg.com/apps/news?pid=20601109&sid=ahPWmoxmYDgc
* Emirates Ship Investment Company 50%. Source: http://www.zawya.com/Story.cfm/sidZW20091018000127
* Piaggio Aero 31.50%
* Abu Dhabi Terminals 25%
* LeasePlan Corporation 51%
* National Central Cooling Company or Tabreed 15.8%
Source: http://mubadalahome/Documents/News/Mubadala%20AR09%20English_final.pdf (page 54 and 55)
2) Also, the Cleveland Clinic Abu Dhabi is not scheduled to open till 2012 (and not 2010 as stated). Here's the link from their website: http://my.clevelandclinic.org/departments/abudhabi/clevelandclinicinabudhabi.aspx
3) Finally, the last paragraph referencing SR Technics states that "Mubadala also offered the Irish staff one of the worst redundancy packages in Irish history (0.84 weeks pay per year of service)." The source cited to support this fact is now a non-working link; however, in the original cited article, this assertion is attributed to a political figure with a strong stake in the issue who cites no source for the information. We believe this information to be incorrect and an unbalanced portrayal of the actual circumstances.

Thank you.

Rashed Al Harmoodi, Mubadala

Revision as of 06:41, 24 May 2010

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Let me introduce myself first. my name is Rashed Al Harmoodi and I work for Mubadala Development Company. Mubadala believes that Wikipedia is a vital source of information and an important collection of knowledge. However, having reviewed this entry, it appears that some of the information on Mubadala is inaccurate. We have prepared a list of suggested changes below, and we would like to appeal to the community of Wikipedia editors to review these suggestions and make edits to the entry as appropriate to ensure accuracy and balance.

1) Some of the information on the percentage of ownership in other companies is inaccurate. I've listed those companies below and the correct ownership figure by Mubadala (along with 3rd party sources). I've also included a link to Mubadala's annual report (that was audited by KPMG) which lists most of the companies Mubadala owns and the percentage of ownership in said companies.

Source: http://mubadalahome/Documents/News/Mubadala%20AR09%20English_final.pdf (page 54 and 55)

2) Also, the Cleveland Clinic Abu Dhabi is not scheduled to open till 2012 (and not 2010 as stated). Here's the link from their website: http://my.clevelandclinic.org/departments/abudhabi/clevelandclinicinabudhabi.aspx

3) Finally, the last paragraph referencing SR Technics states that "Mubadala also offered the Irish staff one of the worst redundancy packages in Irish history (0.84 weeks pay per year of service)." The source cited to support this fact is now a non-working link; however, in the original cited article, this assertion is attributed to a political figure with a strong stake in the issue who cites no source for the information. We believe this information to be incorrect and an unbalanced portrayal of the actual circumstances.

Thank you.

Rashed Al Harmoodi, Mubadala