Mubasher: Bahrain Mumtalakat Holding Company, the investment arm of the Kingdom of Bahrain, recorded a jump of 140% in profits during fiscal year 2016, compared with the previous year.
Mumtalakat registered a net profit of BHD 68.9 million ($183.2 million) in FY16, compared to BHD 28.7 million ($76.3 million) in FY15, according to the company’s official statement.
“Mumtalakat’s more recent investments constitute less than 10% of its portfolio value, yet they contribute more than 15% to total annual dividends received,” the CEO, Mahmood Alkooheji, said.
