What Is the Mumtalakat Keeping up Company?
The Mumtalakat Keeping up Company is a government-owned investment workforce that manages the sovereign wealth fund for the Kingdom of Bahrain. The fund’s deposits come principally from surplus revenues from the advance of oil and gas reserves in Bahrain. The corporate’s portfolio, however, is composed of property unrelated to oil and gas.
Learn additional regarding the Mumtalakat Keeping up Campany and how it invests for the Kingdom of Bahrain.
Key Takeaways:
- The Mumtalakat Keeping up Company is a government-owned investment workforce that manages the sovereign wealth fund for the Kingdom of Bahrain.
- The fund’s deposits come principally from surplus revenues from the advance of oil and gas reserves in Bahrain.
- The fund’s investment portfolio is composed of investment companies unrelated to oil and gas.
- The fund’s holdings are concentrated in local and regional companies that contribute significantly to Bahrain’s financial device.
In step with the fund’s internet web page, its portfolio is created from each and every strategic and global direct investments.
Understanding the Mumtalakat Keeping up Company
The Mumtalakat Keeping up Company is managed by means of a nine-member board of directors composed of a mix of public officials and private sector pros. The investment portfolio is composed of investments unrelated to oil and gas. The fund’s holdings are concentrated in local and regional companies that contribute significantly to Bahrain’s financial device. The portfolio is other, comprises moderately numerous trade sectors, and holds majority stakes in numerous companies.
In step with the fund’s internet web page, mumtalakat.bh, the speculation for the keeping up company initiative took root “…in 2005 at an monetary reform workshop held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince of Bahrain, thinking about making improvements to the private sector’s serve as in longer term monetary expansion inside the Kingdom. There, a vision was once as soon as presented to form the basis for the next phase of the national monetary reform initiative.”
How Mumtalakat Keeping up Company Invests
In step with its latest available annual document (2020), the fund held $17.6 billion in property all over moderately numerous industries and nations, some 60 companies in 14 world places. The most important holdings are in exact assets, tourism, manufacturing, financial services and products and merchandise, and foods and agriculture. The fund discussed it provided over 14,0000 direct jobs within its local companies.
“Mumtalakat” is the Arabic identify for property.
In step with its internet web page, the fund is “Sector agnostic, [and] our provide portfolio comprises investments in sectors comparable to financial services and products and merchandise, exact assets & tourism, industrials, training, aviation, telecommunications, media & technology and automotive, among others, in disparate geographies.”
The fund has professionals with in-depth experience all over a few sectors, comparable to exact assets and tourism, logistics, media, telecommunications, healthcare, training, shopper, industrials, manufacturing, financial, and commonplace services and products and merchandise.
The fund’s investing philosophy states, “Our investment horizon captures the long-term prospects for our partner companies, moving previous the fast and medium period of time monetary cycles, ensuring sustainable certain returns inside the sectors we objective. Our portfolio is structured into 4 key areas in particular Strategic Investments, Global Asset Keep watch over, Local Investments, and Executive Holdings.”
Who Owns Mumtalakat Keeping up?
Mumtalakat is a limited criminal duty company owned by means of the government of the Kingdom of Bahrain .
Who Owns Sovereign Wealth Value vary?
A sovereign wealth fund is a government-owned company designed to create wealth to be informed a country’s financial device and electorate.
What Is the Greatest Sovereign Wealth Fund?
Norges Monetary establishment Investment Keep watch over (Norway GPFG) is a very powerful sovereign wealth fund, with more than $1.3 trillion in property.
