Bahraini sovereign fund Mumtalakat swung back into profit in 2013 because of an improved performance at Gulf Air and lower impairment losses, it said on Wednesday.
The fund, fully owned by the Bahraini state bu
Aluminium Bahrain (Alba) is planning to allocate a large part of its additional output to meet growing domestic demand and investors' needs, a report said.
The scheme is part of expansion of its sixth production line, schedule
Captain Dhaffer Al Abbasi has been appointed the new chief executive of Gulf Aviation Academy (GAA), a wholly-owned subsidiary of Bahrain Mumtalakat Holding Company.
The announcement follows approval by GAA's board of director
Bahraini sovereign fund Mumtalakat has no current plans to tap the debt capital markets in 2014 and will pay off a small loan facility due later in the year, its chief executive said on Tuesday.
One of the smaller sovereign wealth
In a region where small and medium sized enterprises (SMEs) are being promoted by governments as strategic economic motors of the future, there is a certain irony that the entrepreneurs behind them still cite financing as one of their main obsta
The finances of Bahrain's sovereign wealth fund Mumtalakat are improving, allowing it to look for new investments more agressively this year, its chief executive said.
With $7.1 billion of assets under management at the end of
Fitch Ratings has affirmed Bahrain Mumtalakat Holding Company's long-term issuer default rating (IDR) and senior unsecured rating at 'BBB', a report said.
The agency has also affirmed Mumtalakat's short-term IDR at
Bahrain Mumtalakat Holding, the investment arm of the kingdom, has announced an agreement for a $250 million revolving credit facility with a group of local and regional banks.
The banks include National Bank of Bahrain (NBB), as
Mumtalakat, the investment arm for Bahrain's non-oil and gas strategic assets, has a revised strategy in place that would enable it to reverse the decline in revenues, its top official said.
"We have laid the groundwork a