Mumtalakat’s consolidated assets value sees continuous growth

Media IN Manama, 3rd-June-2019 (BNA): 

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, released its consolidated financial statements for the year ended 31st December 2018

Total assets of the state investor grew to US $16.8 billion (BD 6.3 billion) in 2018 from $15.4 billion in 2017.

The state fund has over 60 companies in its portfolio and committed $181 million in 2018 to local and international investments, the statement said, adding that capital expenditure in key local companies totalled $1.7 billion in 2018, up 9 percent over 2017.

Mumtalakat’s revenue totalled $5.5 billion in 2018, up 38% over the previous year due to the full year impact of the consolidation of McLaren and higher sales at Aluminium bahrain (Alba)