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

Bahrain\u2019s major enterprises that are state-ownedSOEs) through 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 respected at approximately USD 15.4 billion at the time of 2017, conducts its company transparently, issuing an annual report online.\u00a0 The yearly report follows worldwide monetary reporting requirements and it is audited by outside, internationally recognized auditing companies. Legally, state-owned enterprises (SOEs) under Mumtalakat are audited and checked by the nationwide Audit Office.\u00a0 In 2018, Mumtalakat received the ranking that is highest-possible the Linaburg-Maduell Transparency Index, which focuses on ranking the transparency of sovereign wide range funds.