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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Bahrain’s Mumtalakat full-year loss widens on impairments

Posted on 09 July 2012

Mahmood Al KoohejiBahrain 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


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