Sunday, 29 March 2009

Bahrain Mumtalakat delays plan to increase foreign investments

Bahrain's sovereign wealth fund has delayed by a year plans to increase foreign investments to almost half its total assets and would instead focus on assets at home, chief executive said.

Bahrain Mumtalakat Holding announced in April plans to diversify its portfolio by raising foreign investment to 50 per cent from more than two per cent.

"The implementation of that strategy has been slowed down," Talal Al Zain told Meed magazine.

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