| Bahrain’s sovereign wealth fund plans to invest more than $400 million this year on international deals as it seeks to further diversify away from domestic assets, according to Chief Executive Officer Mahmood Al Kooheji.
Mumtalakat, as the fund is known, will spend more outside Bahrain this year after the bulk of investments were made in its home market in 2015, Al Kooheji said on Sunday by phone from Manama, declining to give more detail. The fund invested $335 million in Bahrain last year in industrial, manufacturing, real estate and tourism businesses, and made one investment of an undisclosed size internationally. About 57 percent of Mumtalakat’s investments are in Bahrain, Al Kooheji said...............................................Full Article: Source
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