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Islamic Finance Briefing - Categorized | Funds, Performance more

Mumtalakat named most transparent wealth fund

Posted on 19 March 2009

From Gulf-daily-news.com: Bahrain’s Mumtalakat Holding Company was voted the most transparent sovereign wealth fund (SWF) in the Gulf. In a research undertaken by the Sovereign Wealth Fund Institute, Mumtalakat was found to have the joint highest transparency ’score1′ of the nine Gulf investment companies surveyed.

“The independent ranking of Mumtalakat, the investment company for Bahrain, as the most transparent SWF in the Gulf is further proof of the kingdom’s commitment to the highest standards of accountability and robust regulation that has created a stable business environment,” said Economic Development Board (EDB) chief operating officer Kamal Ahmed. …. Full Article: Source

 
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