It hasn’t been a great month for the United Arab Emirates’ business interests in Australia. First, the Abu Dhabi National Oil Co’s $36 billion attempt to acquire Santos fell through. Now, Sheikh Mohammed bin Rashid Al Maktoum’s racing conglomerate has revealed significant losses.
Godolphin this week dropped its financial report for calendar year 2024. It clocked a $27.3 million loss, representing a fall of nearly $67 million on 2023’s profit.
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