Mubasher: Mumtalakat Holding Company, Bahrain’s sovereign wealth fund, announced an increase in its assets by around 46.4% for 2017 to a total BHD 5.8 billion ($15.4 billion).
The growth resulted from gains achieved through the consolidation of McLaren and the new line project by Aluminium Bahrain (Alba).
Profits reached BHD 210.6 million last year, compared with BHD 68.9 million in 2016, while impairment losses amounted to 105.5 million in 2017, according to an official statement issued on Wednesday.
