Mubadala tops global transparency survey

UAE's Mubadala Development Company has scored a perfect 10 on the Linaburg-Maduell Trans-parency Index for Q2 2009.

The index, developed by US-based Sovereign Wealth Fund Institute, rates SWF transparency using 10 principles such as provision of information related to ownership percentage, portfolio market value, returns, ethical standards, investment policies and objectives.

Mubadala has consistently improved its score since end-2007, when it scored 6, to 7 in Q1 2009 and now a perfect 10. Investment Corporation of Dubai scored 4, Abu Dhabi Investment Authority 3, RAK Investment Authority 3 and Emirates Investment Authority 2.

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