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FINANCIAL NEWS
Bahrain wealth fund’s Mumtalakat has USD300mn for new deals
15 Jun 2017
(MENAFN) Bahrain’s sovereign wealth fund Mumtalakt has USD200mn to USD300mn for new deals and is aiming for investment chances in the U.S. and Saudi Arabia.
Additionally, it holds the state’s shares in Bahraini firms involving Aluminum Bahrain (Alba) and telecom firm Batelco, with a portfolio of more than USD10bn.
Last year, the fund profit was USD183mn, up from 28.7mn dinars in the previous year when revenues were depressed by an adjustment on goodwill.
Currently, Mumtalakat’s investments constituted less than 10 percent of its portfolio value, while they contributed more than 15 percent to total annual dividends received.
MENAFN1506201700450000ID1095560632
MENAFN1506201700450000ID1095560632
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