Middle East Economic Survey

VOL. LIII

No 42

18-Oct-2010

BAHRAIN

Aluminium Bahrain Hires JP Morgan, Citigroup To Sell Up To 11.5% Of Its Shares

Aluminium Bahrain (Alba) hired JP Morgan and Citigroup to manage the possible sale of as much as 11.5% of its shares on local and international exchanges, Bloomberg reported on 5 October. Bahrain Mumtalakat Holding Company, Bahrains sovereign wealth fund, may sell as many as 163mn shares, with ordinary stock listed on the Bahrain exchange and global...