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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Gulf Air to hurt Mumtalakat profit

Posted on 22 July 2011

Bahrain sovereign wealth fund Mumtalakat will continue to financially support Gulf Air even though the loss-making carrier will be a drag on its 2011 earnings, the fund’s chief executive said.
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 (Dh33.39 billion) in assets at the end of 2009……………………………………….Full Article: Source


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