Mumtalakat keeps plans fluid as it eyes MR3bn ringgit sukuk programme

Bahrain Mumtalakat Holding, the investment arm for Bahrain's non-oil and gas commercial assets, is lining up roadshows in Kuala Lumpur. The sovereign wealth fund is looking to establish a MR3bn ($952.3m) murabaha sukuk programme despite having said only recently that it had no plans to issue new debt. CIMB and Standard Chartered will act as joint leads for the sale.