Bahrain Mumtalakat Holding Company announced today that its transparency score has been upgraded following quarterly research undertaken by the independent Sovereign Wealth Fund Institute. The latest upgrade sees Mumtalakat retain its position as one of the leading investment companies in the GCC region for transparency.
Mumtalakat's transparency score has increased to 7 from 6 out of a possible 10 index score. Of the nine Gulf investment companies covered in the study, Bahrain has the joint highest transparency score on the SWF Institute's Linaburg-Maduell Transparency Index, alongside Mubadala of the UAE.
The Linaburg-Maduell Transparency Index, developed at the Sovereign Wealth Fund Institute, is based on ten essential principles that depict sovereign wealth fund transparency to investors. These include the provision of percentage ownership of company holdings, financial returns, and geographic locations of holdings as well as the provision of clear strategies and objectives for the future.
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