Mumtalakat maintains transparency rating
Manama, November 10, 2013
Bahrain Mumtalakat Holding Company said it has maintained its transparency score in Linaburg-Maduell Transparency Index issued by the Sovereign Wealth Funds Institute.
The investment arm of Bahrain maintained its score of nine out of a possible 10 in the index, which makes it well-placed in the top tier of its global peers, reported the Gulf Daily News, our sister publication.
"This ranking underlines our commitment to the highest standards of transparency and corporate governance," Mumtalakat chief executive Mahmood Al Kooheji said.
"As the holding company of the government of Bahrain's non-oil and gas assets, we believe that greater transparency helps drive sound business decisions and builds investors' confidence," he noted.
Mumtalakat was established in June 2006 by a Royal Decree as an independent holding company for the government of Bahrain's strategic non-oil and gas related assets.-TradeArabia News Service