Mumtalakat is the ninth largest Arab sovereign fund: Bloomberg AlSharq report | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Mumtalakat is the ninth largest Arab sovereign fund: Bloomberg AlSharq report | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain's “Mumtalakat” has been ranked as the ninth-largest Arab sovereign fund with a value of $19 billion by Bloomberg Al-Sharq.

The ranking puts Abu Dhabi Investment Authority at the topmost fund with a value of 580 billion dollars.

Closely following is Kuwait Investment Authority with 534 billion dollars, the Saudi Public Investment Fund with 400 billion dollars, the UAE Government Investment Corporation with 302 billion dollars, and Qatar Investment Authority with 295 billion dollars.

Reportedly, Mumtalakat contributed 20 million dinars to the general budget during the 2017-2018 period, in addition to contributing 30 million dinars for each fiscal year of the 2021- 2022 budget.