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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Bahrain’s Mumtalakat seeks $540 mln in Alba IPO

Posted on 18 October 2010

From Reuters: Bahrain’s sovereign wealth fund Mumtalakat plans to raise as much as 204 million dinars ($540 million) in the initial public offering (IPO) of Aluminium Bahrain (Alba), as it diversifies away from local investments.
Mumtalakat’s Chief Executive Talal Al Zain told a press conference in Manama that the retail portion of the offering would be priced at 1.250 dinars per share, while the price range for institutional investors was 900 fils to 1.250 dinars……………………………………….Full Article: Source


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