Mumtalakat awarded for transparency

Manama : Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, announced receiving 10 out of 10 for transparency in the ranking of the independent Linaburg-Maduell Transparency Index issued by the Sovereign Wealth Funds Institute for the first quarter of 2018.

The Linaburg-Maduell Transparency Index was established by Carl Linaburg and Michael Maduell in 2008. A total of 47 SWFs across the world were appraised this year of which 10 are based in the Arabian Gulf region.

Placed in the top tier of its global peers, Mumtalakat was amongst 11 SWFs that received a full score rating, a score only awarded to one other SWF based in the Arabian Gulf region.

Reflecting on this recognition, Mahmood H. Alkooheji, Chief Executive Officer of Mumtalakat commented, “Our continued high ranking in the transparency index since the first quarter of 2015 is a true testament to our commitment to international standards of transparency and corporate governance.”