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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Bahrain’s Mumtalakat sees return to profit in 2010

Posted on 17 August 2010

From Arabianbusiness.com: Bahrain’s sovereign wealth fund Mumtalakat expects to return to profit in 2010 and is eyeing property investments in the United Kingdom, its chief executive told Reuters Insider on Monday.”This year should be a profitable year for us, the first half is already looking very good,” Talal Al Zain said in an interview in London.
Mumtalakat, which bundles Bahrain’s non-oil state-owned companies, is one of the smaller sovereign wealth funds in the world’s top oil-exporting region, with $9.1 billion in assets at the end of 2009……………………………………….Full Article: Source

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