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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Bahrain to sell Gulf Air stake to private investors

Posted on 29 October 2010

From Thenational.ae: Mumtalakat, Bahrain’s government investment arm, plans to sell part of Gulf Air to private investors once the beleaguered airline returns to profitability, expected in about three years, says the fund’s chief executive.
The sale of Gulf Air, Bahrain’s national carrier, is part of a broader new strategy to generate cash and diversify Mumtalakat’s portfolio of investments, Talal al Zain said on the sidelines of the World Economic Forum in Morocco……………………………………….Full Article: Source


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