Bahrain Mumtalakat Holding Co. BSC, the sovereign wealth fund that appointed a new chief executive officer in March, said full-year loss widened as provisions for impairments increased.
Loss attributable to the shareholder of the parent was 335.8 million dinars ($891 million) in 2011 compared with 265.1 million dinars a year earlier, according Mumtalakat’s financial statement. Impairment losses climbed to 316.5 million dinars from 191.2 million dinars………………………………………..Full Article: Source