| Bahrain sovereign fund Mumtalakat said on Monday that it has no plans to sell stakes in domestic companies and could even increase its investments – but not in Gulf Air.
One of the smaller sovereign wealth funds in the Gulf region with USD$7.1 billion of assets under management at the end of September, the fund holds stakes in 40 firms in the state's non-oil sector, including Bahrain Telecommunications and Aluminium Bahrain (Alba).Last year, chief executive Mahmood al-Kooheji said Mumtalakat could divest stakes in these firms to raise cash to invest in Bahrain's economy, such as through public share sales - Alba was listed in 2010, for example...............................................Full Article: Source
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