CP PRAISES AGREEMENT REACHED BETWEEN ALBA AND GLENCORE

THE CROWN PRINCE AND CHAIRMAN OF THE ECONOMIC DEVELOPMENT BOARD (EDB) SHAIKH SALMAN BIN HAMAD AL KHALIFA EXPRESSED HIS SATISFACTION WITH THE REALISATION OF THE FRUITS OF THE FOUNDING  OF BAHRAIN MUMTALAKAT HOLDING COMPANY SAYING THAT WHAT IS BEING SEEN TODAY WAS THE BEGINNING OF EMBEDDING MORE TRANSPARENCY IN THE KINGDOM TO ACHIEVING HIGHER LEVELS OF  PRODUCTIVITY AND PROFITABILITY.

SHAIKH SALMAN ALSO HAILED THE CONCILIATION ACHIEVED BETWEEN ALBA AND SWISS COMPANY GLENCORE PRAISING WITHIN THIS FRAMEWORK THE EFFORTS EXERTED BY MUMTALAKAT MANAGEMENT AND ALBA BOARD CHAIRMAN ON THEIR COMMITMENT TO TRANSPARENCY IN PRESERVING PUBLIC MONEY WHICH IS THE OBJECTIVE OF FOUNDING MUMTALAKAT.

THE CROWN PRINCE AND EDB CHAIRMAN ALSO INDICATED THE IMPORTANCE OF CONTINUING ON THIS PATH WITH ALL GOVERNMENT OIL COMPANIES AND NON-OIL ONES.

HE ALSO ENCOURAGED EMPLOYEES IN THESE COMPANIES TO LET KNOWN  ANY FINANCIAL OR ADMINISTRATIVE MISUSE IN ORDER TO PROTECT PUBLIC MONEY.

SHAIKH SALMAN EMPHASISED ON THE NEED FOR THE PUBLIC PROSECUTOR IN THE KINGDOM TO CONTINUE PROSECUTION OF ANY OFFICIAL FOR LEGAL BREECHES IN COMPANIES WHICH THEY MANAGE OR WORK IN.