close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Bahrain’s Mumtalakat attracts over $3 bn in orders for $750 mn bond

Bonds assigned ‘A’ rating by S&P and Fitch Ratings.

0

June 25, 2010 10:40 by



Mumtalakat Holding Co. of Bahrain, the state’s sovereign wealth fund, has received orders exceeding $3 billion for its $750 mn bond, Zawya.com reported. Bank managers named in the deal include Deutsche Bank, HSBC Holdings, JP Morgan Chase, and Standard Chartered Bank.

According to HSBC, the bond fund comprises 37 percent bonds bought in the Middle East; 36percent in Europe; 20 percent in Asia and 7 percent by U.S. offshore funds. Analysts expect proceeds from the bond sale to go towards paying down debt in the kingdom.

Established in June 2006, Mumtalakat comprises a portfolio of 29 commercial enterprises from the Ministry of Finance, consisting of the strategic non-oil and gas related assets, that are significant contributors to the kingdom’s economy.



0

Tags: ,

Leave a Comment