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Sovereign Wealth Funds Briefing - Categorized | Performance

Mumtalakat’s loss narrows by 33 pct

Posted on 18 July 2013

Bahrain’s Mumtalakat Holding Co., the Gulf state’s sovereign wealth fund, said its full-year loss narrowed by 33 per cent to 181.7 million Bahraini dinars ($481.9 million) in 2012 as impairment charges fell and income from investments in financial services and telecoms rose.
“Mumtalakat’s diversified investment portfolio, particularly in the financial services and telecommunications has contributed to a 9.1 per cent increase in share of profits from associate companies compared with 2011,” the company said in a statement posted on its website on Wednesday………………………………………..Full Article: Source


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