A parliamentary probe into the financial affairs of Bahrain's sovereign wealth fund could be launched on Tuesday (April 21) amid allegations of mismanagement.
Bahrain Mumtalakat Holding Company oversees a portfolio of 36 compa
Bahraini sovereign fund Mumtalakat wants to double its $6.4 billion assets under management in the next seven years, preferably through partnerships with global investment firms, its chief executive told Reuters.
With stakes in so
Investcorp has agreed to buy a United States schools provider, the Bahrain-listed alternative investment fund said on Monday.
The deal to acquire Nobel Learning, a major private education firm in the US with a network of 176 schoo
Bahrain Mumtalakat Holding Company has allocated part of its profits to pay off debts which reached BD560 million ($1.4 billion) until December last year, it said in a statement.
In reply to MPs, the company said no funds have bee
Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said.
The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv
Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has been ranked among the world's most transparent sovereign wealth funds.
Mumtalakat was rated 10 out of 10 in the 2015 Linaburg-Maduell Transpar
Bahraini sovereign fund Mumtalakat with estimated assets of $10.5 billion has been ranked 42nd globally, according to a report issued by Sovereign Wealth Fund (SWF) Institute.
It owns shares in 38 companies representing manufacturing, f
Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it said on Thursday.
The fund holds stakes in Bahraini companies
Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks.
The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation
Bahraini sovereign fund Mumtalakat has signed a $500 million, five-year loan with a group of banks, sources aware of the matter said on Sunday, with the cash to be used for general business purposes and to refinance existing debt.