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Bahrain's Mumtalakat has $200mln-$300mln for new deals-CEO
June 14, 2017 / 11:03 AM / 6 months ago

Bahrain's Mumtalakat has $200mln-$300mln for new deals-CEO

DUBAI, June 14 (Reuters) - Bahrain’s sovereign wealth fund Mumtalakat has $200 million to $300 million for new deals, and is looking for overseas investment opportunities in the United States and Saudi Arabia, its chief executive Mahmood al-Kooheji said on Wednesday.

The fund holds the state’s stakes in Bahraini companies including Aluminium Bahrain (Alba) and telecoms company Batelco, with a portfolio valued at more than $10 billion.

“We are very confident in investing in the U.S. market,” al-Kooheji said in a telephone interview with Reuters.

“We are looking at some business opportunities to invest in the Saudi market. The sectors we are interested in are education, healthcare and services,” he added.

Reporting by Saeed Azhar and Hadeel Al Sayegh, Editing by Sylvia Westall

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