22.07.2011 - Mumtalakat will back Gulf Air says CEO
Bahrain sovereign wealth fund Mumtalakat will continue to financially support Gulf Air even though the loss-making carrier will be a drag on its 2011 earnings, the fund's chief executive said. Mumtalakat, which bundles Bahrain's non-oil state-owned companies, is one of the smaller sovereign wealth funds in the world's top oil-exporting region, with $9.1 billion in assets at the end of 2009. It owns stakes in several state firms such as Gulf Air and Aluminium Bahrain..............................................Full Article: Source
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