Bahrain to sell stake in Gulf Air

Mumtalakat, Bahrain's government investment arm, plans to sell part of Gulf Air to private investors once the airline returns to profitability.

The sale of Gulf Air, Bahrain's national carrier, is part of a broader new strategy to generate cash and diversify Mumtalakat's portfolio of investments, The National newspaper reported from the sidelines of the World Economic Forum in Morocco.

"We own 100 per cent of Gulf Air. There's no need for us to keep 100 per cent ownership," says the fund's chief executive, Talal al Zain.

"How we do it depends on the timing and the interest."