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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Bahrain sovereign fund Mumtalakat 2012 net loss narrows

Posted on 18 July 2013

Bahrain sovereign fund Mumtalakat said on Wednesday its net loss for 2012 narrowed by 32.9 percent from the previous year due to the improved performance of its financial services and telecommunications portfolio.
One of the smaller sovereign wealth funds in the Gulf region with $7.1 billion of assets under management at the end of September, the fund holds stakes in 40 firms in the kingdom’s non-oil sector, including Bahrain Telecommunications Co (Batelco) and Aluminium Bahrain (Alba)………………………………………..Full Article: Source


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