|22 January, 2020

Bahrain's Mumtalakat receives $4bln orders for $500mln sukuk

The company did not expect such demand on its sukuk, Al Rumaihi said, adding that the sukuk’s yield stood at 4.25%

Image used for illustrative purpose. Young Arab investor monitoring his investments.

Image used for illustrative purpose. Young Arab investor monitoring his investments.

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Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, has received $4 billion worth of orders for $500 million sukuk, Mumtalakat’s CEO Khalid Al Rumaihi told CNBC Arabiya on Wednesday.

The company did not expect such demand on its sukuk, Al Rumaihi said, adding that the sukuk’s yield stood at 4.25%.

Mumtalakat holds government’s stakes in companies including Bahrain Telecommunications Company and the National Bank of Bahrain, the top official noted.

Al Rumaihi revealed that his company is seeking to diversify its investments in various sectors.

Source: Mubasher

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