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Bahrain’s sovereign wealth fund is looking to raise more than $500 million by selling off a stake in the Gulf nation’s aluminum smelter. The Mumtalakat fund said Sunday it is holding an initial public offering for as many as 163.3 million shares in Aluminium Bahrain. That represents an 11.5 percent stake in the company. For […]

Bahrain’s sovereign wealth fund is looking to raise more than $500 million by selling off a stake in the Gulf nation’s aluminum smelter.

The Mumtalakat fund said Sunday it is holding an initial public offering for as many as 163.3 million shares in Aluminium Bahrain. That represents an 11.5 percent stake in the company.

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