EARNINGS JUMP
Bahrain’s Mumtalakat posts record profit with strategic shift
Revenue in 2024 hit $5.8 billion while profits from Aluminium Bahrain surged and earnings from the National Bank of Bahrain also edged up
Jakub Porzycki/NurPhoto via Getty Images
The Bahrain World Trade Center in Manama
Add The Circuit on GoogleBahrain’s sovereign wealth fund, Mumtalakat, reported a record profit of $963 million in 2024, reversing a significant loss from the previous year.
The turnaround was driven by McLaren Group’s restructuring and a partnership with Abu Dhabi-backed CYVN...
