Bahrain’s sovereign wealth fund, Mumtalakat, reversed a colossal BHD497 million (US$1.32 billion) loss in 2023 to a record-breaking net profit of BHD363 million (US$963 million) in 2024.While Mumtalakat has published its headline figures, it has not produced an annual report since 2022. In four of the past 10 years, the...
Bahrain’s sovereign wealth fund, Mumtalakat, reversed a colossal BHD497 million (US$1.32 billion) loss in 2023 to a record-breaking net profit of BHD363 million (US$963 million) in 2024.While Mumtalakat has published its headline figures, it has not produced an annual report since 2022. In four of the past 10 years, the...