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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mumtalakat plans $150mln Bahrain investment

Posted on 07 March 2013

Bahrain sovereign wealth fund Mumtalakat plans a multi-million pound investment in local projects, joining efforts to bolster the local economy. Chief executive Mahmood Al-Kooheji said the fund was targeting $150 million of investments in the kingdom in 2013 as part of efforts to deploy funds in the country and expand its domestic portfolio.
Mumtalakat, set up in 2006, holds stakes in firms in Bahrain’s non-oil sector, including Bahrain Telecommunications Co, Aluminium Bahrain and airline Gulf Air , and is one of the smaller sovereign wealth funds in the Gulf region………………………………………..Full Article: Source


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