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FINANCIAL NEWS
Gulf Air receives $1b from Bahrain government
19 Oct 2010
(MENAFN) Manama-based Gulf Air announced that the government of Bahrain is pumping more than $1 billion into the struggling carrier, Reuters reported.
The airline said in a statement that the government raised the carrier’s authorized share capital by $1.06 billion.
Gulf Air said that this is the first time the airline has been through a capital restructuring since Bahrain assumed full ownership in November 2007.
The money-losing carrier’s ownership used to be shared among a consortium of Gulf states. It is now fully owned by Bahrain’s sovereign wealth fund.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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