Business | Investment
Bahrain fund tops Gulf transparency list
Bahrain Mumtalakat Holding Company, Bahrain's sovereign wealth fund, ranks first for transparency in the Gulf region, according to new research conducted by the independent Sovereign Wealth Fund Institute.
- Staff Report
- Published: 23:36 June 9, 2008
Dubai: Bahrain Mumtalakat Holding Company, Bahrain's sovereign wealth fund, ranks first for transparency in the Gulf region, according to new research conducted by the independent Sovereign Wealth Fund Institute.
Of the 10 Gulf sovereign wealth funds covered in the global study, Bahrain has the highest transparency score, with a rating of 6 points on the Institute's Linaburg-Maduell Transparency Index, alongside the Kuwait Investment Authority. The Government of Singapore Investment Corporation was also awarded a comparable rating.
The Linaburg-Maduell Transparency Index, developed at the Sovereign Wealth Fund Institute, is based on 10 essential principles that depict sovereign wealth fund transparency to investors.
"Mumtalakat has always been open and transparent in its holdings and investment strategy. We remain committed to expanding investments internationally whilst demonstrating our commitment to the highest standards of transparency and accountability," said Talal Al Zain, CEO of Bahrain Mumtalakat.
More from Investment
More from Business
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
