Bahrain Mumtalakat Holding Co. has started using FrontInvest Alternatives of EFront, a software solutions provider for the financial industry, to support its alternative investments operations. Mumtalakat seeks to create a well-diversified and balanced global portfolio across asset classes and geographies to generate long-term financial growth for Bahrain. Through FrontInvest Alternatives, Mumtalakat will get a single solution that will allow the investment team to share and monitor different information as well as report easily on the existing portfolio or on any future operation. Mumtalakat, which is an investment arm of the Bahrain government’s strategic non-oil- and gas-related assets, holds stakes in more than 35 commercial enterprises and represents a portfolio value of more than $9 billion.
Click here for the release from EFront.