Bahrain\u2019s major state-owned enterprises (SOEs) are the Bahrain Petroleum business (BAPCO)

Bahrain\u2019s major state-owned enterprises (SOEs) are the Bahrain Petroleum business (BAPCO)

The Kingdom of Bahrain established Mumtalakat, its wealth that is sovereign fund in 2006.\u00a0 Mumtalakat, which maintained a good investment profile respected at approximately USD 15.4 billion at the time of 2017, conducts its company transparently, issuing an annual report online.\u00a0 The yearly report follows worldwide economic reporting criteria and it is audited by outside, internationally recognized auditing companies. For legal reasons, state-owned enterprises (SOEs) under Mumtalakat are audited and supervised by the nationwide Audit Office.\u00a0 In 2018, Mumtalakat received the ranking that is highest-possible the Linaburg-Maduell Transparency Index, which focuses on ranking the transparency of sovereign wide range funds. Nonetheless, Bahrain\u2019s wealth that is sovereign will not proceed with the Santiago Principles. \n

The sovereign wide range fund holds bulk stakes in a number of businesses.\u00a0 Mumtalakat invests 62 per cent of the funds at the center East, 30 % in European countries, and eight per cent in the usa.\u00a0 The investment is diversified across a number of company sectors including property and tourism, economic solutions, meals & farming, and manufacturing that is industrial. \n

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