(MENAFN) Mumtalakat , the sovereign fund of the Kingdom of Bahrain, recorded a USD243 million net profit for 2014, marking an increase by 10.8 percent year-on-year, Reuters reported.
The holder of significant stakes in Aluminium Bahrain, Gulf Air and Batelco said that the profit of 2014 compares with USD272.64 million registered back in 2013.
Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain's key commercial assets.
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