Mumtalakat has no plans to issue bonds in 2014

: Wednesday, March 19 - 2014 @ 11:01

The chief executive of Mumtalakat, Mahmood Al-Kooheji has said there are no current plans to tap the debt capital markets in 2014 and said the Bahraini sovereign fund will pay off a small loan facility due later in the year, Reuters has reported. Mumtalakat, which had $7.1bn of assets under management at the end of September, holds stakes in 40 firms in the kingdom’s non-oil sector, including Batelco and Aluminium Bahrain (Alba). Mumtalakat’s next significant debt maturity is not until June 2015, when a $750m bond comes due, Kooheji said.

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Wednesday, March 19- 2014 @ 11:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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