30.04.2013 - Bahrain SWF Mumtalakat not joining Gulf spending spree, to focus on portfolio
Bahrain sovereign fund Mumtalakat said on Monday that it has no plans to sell stakes in domestic companies and could even increase its investments. One of the smaller sovereign wealth funds in the Gulf region with $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 Co 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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