Bahrain\u2019s major enterprises that are state-ownedSOEs) are the Bahrain Petroleum business (BAPCO)

The Kingdom of Bahrain established Mumtalakat, its wealth that is sovereign fund in 2006.\u00a0 Mumtalakat, which maintained a good investment profile valued at approximately USD 15.4 billion at the time of 2017, conducts its company transparently, issuing a report that is annual.\u00a0 The yearly report follows international monetary reporting standards and it is audited by outside, internationally recognized auditing companies. For legal reasons, state-owned enterprises (SOEs) under Mumtalakat are audited and supervised by the nationwide Audit workplace.\u00a0 In 2018, Mumtalakat received the ranking that is highest-possible the Linaburg-Maduell Transparency Index, which focuses primarily on ranking the transparency of sovereign wealth funds. Continue reading →