Friday 30 January 2015
 
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Mumtalakat

Mumtalakat rules out asset sale

Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it said on Thursday. The fund holds stakes in Bahraini companies

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Mumtalakat signs $500m credit facility

Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks. The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation

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Mumtalakat signs $500 million loan deal

Bahraini sovereign fund Mumtalakat has signed a $500 million, five-year loan with a group of banks, sources aware of the matter said on Sunday, with the cash to be used for general business purposes and to refinance existing debt.

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Mumtalakat has ‘appetite and funds for investment’

Bahrain's sovereign wealth fund Mumtalakat has appetite and funds available for investment, its top official has said. Chief executive Mahmood Al Kooheji said he expects next year to be positive for the GCC region, Bahrain and

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Bahrain's Mumtalakat set to sell McLaren stake

Bahrain's sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team's overall head Ron Dennis, who is set to become the majority shareholder. 'No transaction has taken pla

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Bahrain’s Mumtalakat prices $600m sukuk

Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate. Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the

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Mumtalakat sets initial price guidance for $600m sukuk

Bahrain sovereign fund Mumtalakat has opened order books after setting initial price guidance for an up-to-$600 million seven-year Islamic bond offering, a document from lead managers said. The firm has set initial price thoughts

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Mumtalakat sets up $1bn bond, sukuk programmes

Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year. One of the smaller sovereign wealth f

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Bahrain funds buy US workforce services firm

Bahrain-based alternative investment fund Investcorp said on Thursday it and sovereign fund Mumtalakat had acquired US-based workforce management solution provider PRO Unlimited. PRO is a Florida-based software and services firm,

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Blackstone, Mumtalakat buy into GEMS Education

Dubai's Fajr Capital said on Wednesday that it was part of a group including Blackstone and Bahrain sovereign fund Mumtalakat that acquired a "significant minority stake" in UAE-based GEMS Education. No price for the

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