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Bahrain Sovereign Fund Mumtalakat 2015 Net Profit Drops 68.7 Pct
Bahraini sovereign fund Mumtalakat posted a 68.7 percent drop in 2015 net profit on Sunday, as the state-owned investor cited impairment losses for the decline. Net profit in 2015 was $76.3 million against $243.6 million in the previous year, Mumtalakat said in a statement. Mumtalakat said the reduction in net…
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