DUBAI, July 17 Bahrain sovereign fund Mumtalakat
said on Wednesday its net loss for 2012 narrowed by
32.9 percent from the previous year due to the improved
performance of its financial services and telecommunications
One of the smaller sovereign wealth funds in the Gulf region
with $7.1 billion of assets under management at the end of
September, the fund holds stakes in 40 firms in the kingdom's
non-oil sector, including Bahrain Telecommunications Co
(Batelco) and Aluminium Bahrain (Alba).
Mumtalakat made a net loss of 181.7 million dinars ($482
million) in 2012, according to a statement. It had made a net
loss of 270.6 million dinars in 2011.
($1 = 0.3770 Bahraini dinars)
(Reporting by David French; Editing by Matt Smith)