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Sept 4 (Reuters) – Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa, the prime minister, has issued an order to restructure the board of sovereign wealth fund Mumtalakat Holding with Finance Minister Salman bin Khalifa Al-Khalifa as its chairman, state information company BNA reported on Sunday.
Mumtalakat, which has alittle greater than $18 billion in property below administration, launched its standalone annual leads to June, exhibiting that it had swung to revenue in 2021 from a loss in 2020.
Its portfolio contains stakes in British racing group and supercar maker McLaren and Aluminium Bahrain (ALBH.BH), the world’s largest aluminium smelter outdoors of China.
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Reporting by Nayera Abdallah and Moataz Moahmed
Enhancing by David Goodman
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