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Established: 2006
US$ Billion: 14
Origin: Oil
Firm Investment Style: Portfolio
Entity Structure: Corporate
Transparency Rating: 8
Summary:
Established in 2006, Bahrain Mumtalakat Holding Company is the chief investment division of the government of Bahrain. The primary funding source of wealth comes from oil. Currently, their investment portfolio is heavily weighted into the local Bahrain economy in a number of industries ranging from real estate to telecommunications.
The fund is primarily made up of state owned enterprises such as Gulf Air, Bahrain Real Estate Company (Edamah), and the General Poultry Company. They are in the process of diversifying their investment portfolio.
News and Updates
2/10/2010
Bahrain's Mumtalakat Talks To Banks On $400 Million-$500 Million Loan -Sources
Nasdaq reports that, "Bahrain sovereign wealth fund Mumtalakat Holding Co. is talking to banks about a new $400 million-$500 million loan facility, people familiar with the situation said Tuesday. This is not a refinancing but new money for Mumtalakat, one of the people said. The deal is out in the loan market alongside a refinancing facility for Abu Dhabi-owned Mubadala Development Co., which is looking to refinance an existing $2 billion loan that matures in early April, as previously reported by Dow Jones. Both deals represent the first loan financings for Gulf-based entities since Dubai requested a standstill on $26 billion worth of Dubai World debt."
read more: Nasdaq
5/15/2009
Bahrain wealth fund to keep inward focus for now
Reuters reports that, "Bahrain's sovereign wealth fund said on Friday it would focus for now on its domestic investments, including Gulf Air, but would be on the lookout for global investments in sectors like tourism.
'Right now, my focus really is on the existing portfolio companies which is mostly in the Bahrain market,' Mumtalakat Chief Executive Talal al-Zain said in an interview at on the sidelines of the World Economic Forum in Dead Sea, Jordan.
'I'm just taking advantage of what's happening and just investing within my portfolio company,' Zain told Reuters.
Sovereign wealth funds in the oil-exporting Gulf Arab region have scaled down investments in Western companies since oil prices tumbled from peaks of almost $150 a barrel last summer."
read more: Reuters
8/24/2009
Gulf Air, Bahrain Islamic Bank sign $70m finance deal
Trade Arabia reports that, "Gulf Air, Bahrain’s national carrier, has signed a $70 million ijara facility with Bahrain Islamic Bank (BIsB).
The four year medium-term facility will be used to partly finance the purchase of eight A320 aircraft, which are expected to be delivered in the fourth quarter 2009 and first quarter 2010.
'We are glad to have partnered with BIsB, the first Islamic bank in the country and one of the pioneering Islamic banks in the region,' said chairman of Gulf Air Board of Directors and chief executive of Bahrain Mumtalakat Holding Company Talal Al Zain."
read more: Trade Arabia
4/26/2009
Bahrain investing in massive projects
Trade Arabia reports that, "Bahrain is pushing ahead with massive developments as much of the world cowers in the face of recession, said the head of the government's investments arm. Bahrain Mumtalakat Holding Company chief executive officer Talal Alzain, was speaking as he detailed the $1 billion (BD378 million) @bahrain development, a business, technology, retail and leisure 'city' to be built alongside the Bahrain International Circuit (BIC) in Sakhir. Alzain was speaking yesterday on the second day of this year's Gulf Air Bahrain Grand Prix, which @bahrain and Mumtalakat are using as the platform to launch the project."
read more: Trade Arabia
3/31/2009
Mumtalakat eyes boost in foreign spending
Gulf Times reports that, "Bahrain’s sovereign wealth fund is eyeing stakes in US, European and Asian firms in sectors including commodities and financial services, and will add new asset classes to its portfolio, its chief executive said.
The value of investments held by the sovereign wealth fund had fallen by about 10% to 15% from around $10bn as a result of the global economic downturn, Mumtalakat CEO Talal al-Zain told Reuters yesterday.
In an interview in Bahrain’s capital Manama, Zain said Mumtalakat’s strategy to balance local and international investments does not necessarily mean the fund would sell down local stakes and shift proceeds to its international portfolio."
read more: Gulf Times
Website
Bahrain Mumtalakat Holding Company site
| Company |
Country |
Type |
% Ownership |
Comments |
| McLaren Group Limited |
United Kingdom |
Private Stock |
30% |
Leisure |
| Insight Infrastructure |
Singapore |
|
25.6% |
Infrastructure |
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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