Monday 22 December 2014
 
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Mumtalakat

Bahrain's Mumtalakat set to sell McLaren stake

Bahrain's sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team's overall head Ron Dennis, who is set to become the majority shareholder. 'No transaction has taken pla

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Bahrain’s Mumtalakat prices $600m sukuk

Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate. Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the

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Mumtalakat sets initial price guidance for $600m sukuk

Bahrain sovereign fund Mumtalakat has opened order books after setting initial price guidance for an up-to-$600 million seven-year Islamic bond offering, a document from lead managers said. The firm has set initial price thoughts

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Mumtalakat sets up $1bn bond, sukuk programmes

Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year. One of the smaller sovereign wealth f

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Bahrain funds buy US workforce services firm

Bahrain-based alternative investment fund Investcorp said on Thursday it and sovereign fund Mumtalakat had acquired US-based workforce management solution provider PRO Unlimited. PRO is a Florida-based software and services firm,

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Blackstone, Mumtalakat buy into GEMS Education

Dubai's Fajr Capital said on Wednesday that it was part of a group including Blackstone and Bahrain sovereign fund Mumtalakat that acquired a "significant minority stake" in UAE-based GEMS Education. No price for the

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Mumtalakat training push for executives

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has launched the Mumtalakat-Insead International Directors Programme, in partnership with international business school Insead. It is a corporate gove

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Mumtalakat swings back into profit in 2013

Bahraini sovereign fund Mumtalakat swung back into profit in 2013 because of an improved performance at Gulf Air and lower impairment losses, it said on Wednesday.   The fund, fully owned by the Bahraini state bu

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Alba to allocate output for domestic use

Aluminium Bahrain (Alba) is planning to allocate a large part of its additional output to meet growing domestic demand and investors' needs, a report said. The scheme is part of expansion of its sixth production line, schedule

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Gulf Aviation Academy names new chief

Captain Dhaffer Al Abbasi has been appointed the new chief executive of Gulf Aviation Academy (GAA), a wholly-owned subsidiary of Bahrain Mumtalakat Holding Company. The announcement follows approval by GAA's board of director

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