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Sovereign Wealth Funds Briefing - Categorized | Performance

Bahrain’s SWF posts profits rebound as Gulf Air recovers

Posted on 05 June 2014

Bahraini sovereign fund Mumtalakat swung back into profit in 2013 because of an improved performance at Gulf Air and lower impairment losses, it said on Wednesday.
The fund, fully owned by the Bahraini state but run on a commercial basis, made a net profit of BD82.7 million ($219 million) in 2013 compared with a net loss of BD181.7 million in the previous year, a statement to Reuters said………………………………………..Full Article: Source


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