Bahrain sovereign wealth fund expects return to profit

02 June 2010

Bahrain Mumtalakat Holding, the kingdom's sovereign wealth fund has said it expects to return to profit this year, The National has reported. Mumtalakat has a portfolio worth around $10bn which is invested mostly at home and includes full ownership of Bahrain Airport, 50% of Gulf Air, 79% of Alba, 49% of National Bank of Bahrain and 42% of McLaren Group. The fund suffered losses in 2009 connected to its stake in the national carrier Gulf Air and a reduction in aluminium prices.

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