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Mumtalakat in new push for transparency

MANAMA: Bahrain has always led the way in implementing change across the Gulf, according to Mumtalakat Holding Company chief executive officer Talal Alzain

So it was natural for Mumtalakat itself to set an example in becoming more transparent and introducing a higher level of governance, he said in an interview in the autumn issue of The Bahrain Banker magazine.

The magazine, published by the Bahrain Association of Banks (BAB), devotes its cover story to Mr Alzain's plans for Mumtalakat following an international roadshow and the successful raising of $750 million in the capital markets by the sovereign wealth fund earlier this year.

Also featured in the issue of The Bahrain Banker is an article on the future of Islamic funds.

"As with previous editions of the magazine, we aim to demonstrate the significant role that banking and financial services as a whole play in Bahrain's economy," said BAB chief executive Robert Ainey.

"The autumn issue is due to be distributed at, among other venues, the October meetings in Washington of the World Bank and the International Monetary Fund," he said.



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