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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment

Bahrain wealth fund to channel IPO proceeds to liquid investments-CEO

Posted on 28 October 2010

From Zawya Dow Jones: Bahrain Mumtalakat Holding Co., the country’s sovereign wealth fund, will use the expected $540 million in proceeds from the initial public offering of Aluminium Bahrain to boost its portfolio of liquid investments, Chief Executive Officer Talal Al Zain said Wednesday.
Mumtalakat, the biggest shareholder in Aluminium Bahrain, also known as Alba, is in the process of selling up to 163.3 million shares as part of an IPO that started Oct. 24 and will see the aluminum firm’s shares listed on the Bahraini bourse and global depositary receipts representing the ordinary shares to be listed on the London Stock Exchange……………………………………….Full Article: Source


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