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FINANCIAL NEWS
Bahrain’s Mumtalakat will not push for new debt sale
23 Jul 2012
(MENAFN) Bahrain’s sovereign wealth fund (Mumtalakat Holding), ruled out plans to sell new debt at the moment, local newspaper reported.
Alayam newspaper cited Mahmood Al Kooheji, CEO of Mumtalakat, as saying that the fund, will work on cutting debt levels and extend the repayment period.
Mumtalakat posted a USD891 million loss last year, compared with USD679.6 million in 2010, as provisions for impairments increased.
Mumtalakat, which owns stakes in 35 firms including Gulf Air, Aluminium Bahrain (Alba) and McLaren, manages USD8.8 billion in assets.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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