NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Global Monitor Finds Bahrain Sovereign Wealth Fund Most Transparent in the Gulf - Bahrain Mumtalakat Holding Company, Bahrain’s own sovereign wealth fund, has ranked first for transparency in the Gulf region, according to new research conducted by the independent Sovereign Wealth Fund Institute
Global Monitor Finds Bahrain Sovereign Wealth Fund Most Transparent in the Gulf

 

NewswireToday - /newswire/ - Muscat, Oman, United Arab Emirates, 2008/06/09 - Bahrain Mumtalakat Holding Company, Bahrain’s own sovereign wealth fund, has ranked first for transparency in the Gulf region, according to new research conducted by the independent Sovereign Wealth Fund Institute.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Of the ten Gulf sovereign wealth funds covered in the study, Bahrain has the joint highest transparency score, with a rating of 6 points on the Institute’s Linaburg-Maduell Transparency Index, alongside the Kuwait Investment Authority. The well established Government of Singapore Investment Corporation was also awarded a comparable rating.

The Linaburg-Maduell Transparency Index, developed at the Sovereign Wealth Fund Institute, is based on ten essential principles that depict sovereign wealth fund transparency to investors. These include the provision of percentage ownership of company holdings, financial returns, and geographic locations of holdings as well as the provision of clear strategies and objectives for the future.

As the International Monetary Fund (IMF) calls for an official line on sovereign wealth fund regulation, and controversy in the West surrounding the international investments of these state-backed funds continues to grow, greater transparency is a key driver in winning investor confidence.

Talal Al Zain, Chief Executive of Bahrain Mumtalakat Holding Company, commented: “Mumtalakat has always been open and transparent in its holdings and investment strategy. We remain committed to expanding the company’s investments internationally whilst demonstrating our commitment to the highest standards of transparency and accountability.”

Commenting on the Index’s findings, Shaikh Mohammed bin Essa Al-Khalifa, Chief Executive of the Bahrain Economic Development Board (EDB), the government body with overall responsibility for formulating and overseeing the economic development strategy of Bahrain, said: “In this current economic climate, openness in all areas of finance is essential to drive investor confidence. This endorsement of Mumtalakat from the Sovereign Wealth Fund Institute is a strong reflection of what Bahrain offers as a transparent and well regulated finance centre.”

He added: “Our regulator, the Central Bank of Bahrain, has led the way in public and private partnership, with an excellent reputation for transparency in its regulatory and supervisory responsibilities. This reputation, along with key endorsements from the IMF and other external bodies, has contributed to Bahrain’s continued success as the region’s leading financial services centre.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Promoseven Network, Inc. / Weber Shandwick

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial / Legal / Venture articles,
CATCH Visitors via Your Competitors Announcements!


Global Monitor Finds Bahrain Sovereign Wealth Fund Most Transparent in the Gulf

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Aman Sodhi - Promoseven.com 
+968 24705270 aman.sodhi[.]promoseven.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Promoseven Network, Inc. / Weber Shandwick securities in any jurisdiction including any other companies listed or named in this release.

Financial / Legal / Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Promoseven Network, Inc. / Weber Shandwick / Company Profile


Read Financial / Legal / Venture Most Recent Related Newswires:

ALM’s Law.com Announces 'Lawyerpages,' A Next-Generation AI-Powered Legal Directory and Search Resource for Consumers and Law Firms
AdvisorVault Adds Office 365 to its Consolidated 17a-4 D3P Service
TRA Hires Mark McCool as Regional Sales Consultant
ALM Intelligence Launches New Innovative Legal Market Analysis Reports for Texas and The San Francisco Bay Area
TRA Completes Acquisition of Total Retirement Solutions, Inc.
ALM Intelligence Unveils Redesign of the Award-Winning Legal Compass
TRA Hires Paul Phan as Regional Sales Consultant
TRA Expands Retirement Group Plans Opportunities
TRA Announces the Acquisition of John T. Toomey Associates, Inc.
121 Financial Credit Union Selects NCR Digital Banking for Consumers and NCR Digital Banking for Business
ALM Announces the Launch of the Law.com Radar App for IOS and Android
TRA Completes Acquisition of Rosenfeld/Tortu Retirement Planning Co., Inc.
The Retirement Advantage, Inc. Celebrates 25th Anniversary
TRA Starts 2021 with Acquisition of R. Bruce Tanner & Associates, Inc.
SCOR to Provide Life Insurance Products for People with Chronic Conditions through New Partnership with Bayer and One Drop

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  JobsWare.com





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)