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Sovereign Wealth Funds Briefing - Categorized | Performance

Bahrain SWF posts $183 mln loss in 2008

Posted on 29 July 2009

From Reuters: Bahrain’s sovereign wealth fund Mumtalakat said on Tuesday it made a loss of $183 million in 2008, mainly on $981 million in impairment charges linked to investments in two Gulf Arab financial institutions.

“Impairment charges of 370 million dinars ($981.4 million) … were booked during the period leading to a net loss of 69.3 million dinars ($183.8 million) compared to a net income of 170 million dinars for 2007,” Mumtalakat said in a statement………Full Article: Source


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