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Sovereign Wealth Funds Briefing - Categorized | Performance

Mumtalakat full year loss for 2009 doubled

Posted on 28 June 2010

From Arabianbusiness.com: Bahrain Mumtalakat Holding Co, the Arabian Gulf country’s sovereign wealth fund, said its loss for 2009 more than doubled from a year earlier due to “the truly global effects of the economic crisis.”
The net loss widened to 183 million dinars ($485 million) from $183 million in 2008. Revenue fell 28 percent to $2.75 billion from $3.84 billion a year earlier, the company said in an e-mailed statement today……………………………………….Full Article: Source

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