Bahrain's Sovereign Wealth Fund Mumtalakat Hires Banks for Dollar Sukuk
Bahrain’s sovereign wealth fund Mumtalakat has hired banks to arrange fixed income investor meetings ahead of a potential issue of U.S. dollar-denominated sukuk, or Islamic bonds, a document by one of the banks leading the deal showed.
Mumtalakat Exceeds Highest Salary Averages, Doesn't Announce Job Vacancies
The report of National Audit Office monitored employees in Mumtalakat Company receiving salaries that exceed highest salary averages. Among the cases the report showed is the vice president who receives about 7,850, while the maximum salary according to the salary schedule is 6,500 dinars.
Crown Prince Restructures Economic Development Board
The Crown Prince issued edict restructuring the Economic Development (EDB) board of directors.
"Al-Rumaihi" Appointed CEO at Mumtalakat as Successor of "Al-Kooheji"
The board of directors at Bahrain Mumtalakat Holding Company issued a decree assigning Khalid Amro Al-Rumaihi as Chief Executive of Mumtalakat, which is considered sovereign wealth fund of Bahrain, starting September 2019.
Mumtalakat CEO: Gulf Air, Bahrain Int'l Circuit among 5 Unprofitable Companies
The CEO of Mumtalakat Holding company, Mahmoud Al-Kooheji, confirmed that Gulf Air and Bahrain International Circuit Company are among the five unprofitable companies.
Mumtalat's Net Profit Decreases Due to Alba's Results
Mumtalakat announced achieving BD 55.8 million net profits in 2018.
Bahrain Launches Program to Support 100 Arab Start-Ups Companies, including 27 from Jordan
Bahrain rolled out a new program of support for the 100 Arab start-ups shaping the Fourth Industrial Revolution, at the recently concluded World Economic Forum on the Middle East and North Africa which concluded its work in Jordan on Sunday (April 7, 2019).
Mumtalakat Profit Share of Companies Amounts to BD 70 Million
Member of the Finance and Economic Committee, MP Ahmed Al-Salloum, revealed that the total profits of Bahraini companies that "Mumtalakat" owns shares in their capital amounted to BD 212 million.
Bahrain's Mumtalakat Squeezes Yields as Government Debt Outperforms
Bahrain's sovereign wealth fund Mumtalakat raised $600 million in bonds this week, managing to squeeze yields by over 60 basis points as the issue was marketed, in a sign of renewed investor interest for Bahraini credits after the kingdom was pledged $10 billion in financial aid from its Gulf allies last year.
Bahrain's Mumtalakat Set to Raise $600 mln in Sukuk
Bahrain's sovereign wealth fund Mumtalakat is set to raise $600 million in sukuk, or Islamic bonds, with a 5.625 percent yield, a document issued by one of the banks leading the deal showed.
Mumtalakat Acquires Commercial Offices in the United States
Bahrain Mumtalakat Holding Company announced yesterday that it has acquired a fully leased office complex for The Lash Group in the Charlotte, Metropolitan area, in North Carolina.
Would Bahrain Liquidate its Assets to Cope with Financial Crisis?
Over the past few weeks, Bahrain has faced difficult financial conditions that prompted the Gulf countries to announce a financial rescue plan to help the small country cope with the crisis that has been pounding it for years.
Mumtalakat Sells its Stake in US Private Education Provider “Nobel Learning”
Bahrain Mumtalakat Holding Company (Mumtalakat), the country’s sovereign wealth fund, has sold its stake in Nobel Learning Communities, one of the leading providers of private education in the United States (from pre-school to high school).
Mumtalakat Invests $10.6 Billion around World
Sovereign Wealth Fund Institute data showed that Mumtalakat “Bahrain’s investment arm” invests about $10.6 billion around the world. The institute’s data stated that the sovereign fund in Bahrain occupied the 38th rank among the largest sovereign wealth funds in the world.
Bahrain's Sovereign Fund in Talks to Invest in SoftBank's Vision Fund: CEO
Bahrain’s sovereign wealth fund Mumtalakat is in early talks to invest in Softbank Group’s private equity fund that aims to target the technology sector, its chief executive said.
“Mumtalakat” Acquires Office Campus in US State of Carolina
Bahrain Mumtalakat Holding Company has acquired technology giant Lenovo's office campus in the United States.
Mumtalakat Contributes to State Budget for First Time since its Establishment
The Board of Directors of Bahrain Mumtalakat Holding Company (Mumtalakat) announced on Tuesday (October 3, 2017) its approval to distribute profits of BD 20 million to the National Budget, for the very first time since it was established over 10 years ago.
E-Auction on 30 Special Number Plates Generates BD 275 Million
The first of its kind auction in Bahrain on special number plates that lasted for 2 weeks was closed on Saturday night. The auction included 30 combinations of a new series of plate numbers and was organized by Mazad Company (affiliated to Bahrain Mumtalakat Holding Company) with the participation of Arabian Auction Company.
Transportation Minister: East Sitra Industrial City under Mumtalakat Ownership since 2016
The Minister of Transportation and Telecommunication Kamal Ahmad revealed in his response to a parliamentary question that “the land of East Sitra Industrial City was transferred in 2016 to Bahrain Mumtalakat Holding Company by the Ministry of Finance.”
Number Plate Auction in Bahrain Generates more than BD 1.700 Million
Mazad’s number plate auction held on Thursday (April 13, 2017) has generated BD1.725 million, according to Bahrain News Agency.