Bahrain SWF to focus on transparency

* username: rupertbu

Bahrain's sovereign wealth fund Mumtalakat is focussing on further improving its corporate governance before getting a credit rating and is relaxed about a parliamentary probe, its chief executive said on Thursday.

Talal Al Zain told Reuters in an interview in Manama that the fund was still working on improving the financial reporting structures and corporate governance of its portfolio companies.

"Right now, today, my focus is that we apply better corporate governance on the companies that we own, starting with Mumtalakat", he said.