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Sovereign Wealth Funds Briefing - Categorized | Performance

Bahrain’s Mumtalakat FY loss rises on Gulf Air

Posted on 21 June 2010

From Reuters: Bahrain’s sovereign wealth fund Mumtalakat Holding’s full-year net loss in 2009 more than doubled due to higher losses at its portfolio companies Gulf Air and Aluminium Bahrain, a document showed.
Mumtalakat, which bundles Bahrain’s non-oil state-owned companies, said in an investor presentation reviewed by Reuters that its 2009 net loss was $487.2 million, compared with a loss of $184.3 million in 2008……………………………………….Full Article: Source


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