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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

ALBA offering to raise $540mln for Bahraini wealth fund

Posted on 26 October 2010

From Thenational.ae: Bahrain’s state-owned aluminium producer has launched an initial public offering (IPO) that is expected to raise as much as US$541 million (Dh1.98 billion) for the country’s sovereign wealth fund, the company’s majority owner.

Mumtalakat, the state-owned investment fund, is selling an 11.5 per cent stake in Aluminium Bahrain (ALBA), which operates the second-largest smelter in the Gulf…………………………………….Full Article: Source


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