14.03.2012 - Sovereign wealth chief exec steps down
The chief executive of the Bahraini sovereign wealth fund Mumtalakat Holdings has stepped down following the completion of his four-year term. The move follows a difficult period for the fund which has posted losses in its past three years, according to its published accounts. Talal Al Zain was a founding member of the Mumtalakat Holding Company when it was launched by royal decree in 2006 as an independent holding company for the government of Bahrainís strategic non-oil and gas related assets...............................................Full Article: Source
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