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Top related persons:
Yousef Saba - 1 Omar Abdel - 1 Mark Potter - 1 carmaker McLaren - 1 PIF - 1 Ares Management - 1 McLaren - 1 Khalid Al Rumaihi - 1
Top related locs:
Bahrain Britain Mumtalakat Bengaluru
Top related orgs:
Thomson - 2 Bahraini - 1 GFH Financial - 1 Osool Asset Management - 1 Saudi Arabia's Public Investment Fund - 1 Ares Management - 1 Sky News - 1 McLaren - 1

Search resuls for: "Mumtalakat"


3 mentions found


☆ Bahrain signs deals to invest $1.3 bln in UK economy
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: 1 min
July 3 (Reuters) - Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state's private sector invest 1 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince's social media account said on Monday. The investments will be through Bahraini sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group, and Osool Asset Management, the twitter account of the crown prince of Bahrain said. ($1 = 0.7881 pounds)Reporting by Yousef Saba and Omar Abdel-Razek Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Yousef Saba, Omar Abdel, Mark Potter Organizations: Bahraini, GFH Financial, Osool Asset Management, Thomson Locations: Bahrain, Britain
☆ Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain -Sky News
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +1 min
June 21 (Reuters) - Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management (ARES.N), Sky News reported on Wednesday. The transaction will not lead to any new money being injected into McLaren, the Sky News report said, adding that an announcement from Mumtalakat on the deal will come on Thursday. The purchase will expand Mumtalakat's majority stake in McLaren group, which includes the British supercar maker as well as McLaren Racing. In July 2021, global investment firm Ares Management and Saudi's PIF provided much of a 550 million-pound equity investment in the McLaren group. Ares Management declined to comment, while McLaren and the PIF did not immediately respond.
Persons: carmaker McLaren, PIF, Ares Management, McLaren, Khalid Al Rumaihi, Bharat Govind Gautam, Chris Reese, Matthew Lewis Organizations: Saudi Arabia's Public Investment Fund, Ares Management, Sky News, McLaren, British, McLaren Racing, Reuters, Thomson Locations: Mumtalakat, Bengaluru
☆ McLaren a money-making machine? We are profitable, says Brown
  + stars: | 2023-02-13 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
"I don't know about money-making machine but we are now a profitable Formula One team," he said. "(We are) very fortunate that we brought in new shareholders that enabled us to do things like the wind tunnel and the simulator. Brown became chief executive of McLaren Racing in 2018 as part of a major restructuring of the second most successful team in the sport in terms of wins. McLaren Racing are part of the McLaren Group, which includes the supercar manufacturer and is majority-owned by Bahrain's sovereign wealth fund Mumtalakat. The papaya orange and blue car has been designated the MCL60, a break from previous naming convention, to mark the anniversary of the founding of McLaren Racing by New Zealander Bruce McLaren in 1963.
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