Bahrain to restructure board of wealth fund Mumtalakat: BNA

Published: Updated:
Enable Read mode
100% Font Size

Bahrain's Crown Prince Salman bin Hamad Al-Khalifa, the prime minister, has issued an order to restructure the board of sovereign wealth fund Mumtalakat Holding with Finance Minister Salman bin Khalifa Al-Khalifa as its chairman, state news agency BNA reported on Sunday.

Mumtalakat, which has a little more than $18 billion in assets under management, released its standalone annual results in June, showing that it had swung to profit in 2021 from a loss in 2020.

For the latest headlines, follow our Google News channel online or via the app.

Its portfolio includes stakes in British racing team and supercar maker McLaren and Aluminum Bahrain, the world’s largest aluminum smelter outside of China.

Top Content Trending