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.