Mumtalakat Holdings plans to IPO Aluminum Bahrain
Posted on 10/19/2010
We are seeing a steady growing trend among some sovereign funds of creating IPOs for select assets in their portfolio. Mumtalakat Holdings, Bahrain’s sovereign wealth fund, is planning to raise around 204 million dinars (US$ 540 million) in the IPO of Aluminum Bahrain (Alba). Currently, Mumtalakat Holdings holds a 77% stake, while the remaining is […]
