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
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
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
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,
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
Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has launched the Mumtalakat-Insead International Directors Programme, in partnership with international business school Insead.
It is a corporate gove
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