Saudi PIF, Bahrain Mumtalakat ink cooperation, investment deal

RIYADH: Private sectors of Saudi Arabia and Bahrain are poised to flourish after the two countries’ sovereign wealth funds sealed a cooperation and investment agreement.

In a joint statement, the Saudi Public Investment Fund and Bahrain Mumtalakat Holding Co. announced they had inked a memorandum of understanding aiming to expand the partnership between the two parties and enable new and promising financing opportunities in Bahrain.

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