18.07.2013 - Mumtalakat’s loss narrows by 33 pct
Bahrain’s Mumtalakat Holding Co., the Gulf state’s sovereign wealth fund, said its full-year loss narrowed by 33 per cent to 181.7 million Bahraini dinars ($481.9 million) in 2012 as impairment charges fell and income from investments in financial services and telecoms rose. “Mumtalakat’s diversified investment portfolio, particularly in the financial services and telecommunications has contributed to a 9.1 per cent increase in share of profits from associate companies compared with 2011,” the company said in a statement posted on its website on Wednesday...............................................Full Article: Source
Print