Bahrain Fund Targets Foreign Deals for First Time Since McLaren
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Bahrain’s sovereign wealth fund expects this year to make its first international acquisition since buying a 30 percent stake in carmaker McLaren Group in 2007.
Mumtalakat, as the fund is called, is looking at more than one foreign company, chief executive officer Mahmood Al Kooheji said today in an interview in Manama. “We have more than one deal in the pipeline and they are at various stages of development,” he said.