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Sovereign Wealth Funds Briefing - Categorized | People

Mumtalakat will back Gulf Air says CEO

Posted on 22 July 2011

Mr. Talal Al ZainBahrain 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 in assets at the end of 2009. It owns stakes in several state firms such as Gulf Air and Aluminium Bahrain……………………………………….Full Article: Source


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