Bahrain’s Mumtalakat eyes new investment opportunities

21 Jun 2010

(MENAFN) The Chief Executive Officer at Bahrain?s Mumtalakat said that the company is eyeing potential investment opportunities in large parts of the world, as aftermath of the global economic downturn has seen significant reductions in asset valuations, Gulf Daily News reported.

The CEO pointed out that there were many opportunities to buy distressed assets worldwide, although he was cautious about some parts of Asia where prices were still inflated.

He also asserted the importance of transparency in sovereign wealth funds, even before the financial crisis transformed the issue into a hot topic, since he has long believed it is key to generating confidence among investors.

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