Bahrain Future Generations Reserve Fund’s (FGF) assets increased by 20.4 percent year on year to $626.9 million by December 2021, the finance ministry said.
The Bahrain News Agency cited Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of FGF, as saying that the fund was able to produce better results across a range of investment assets despite difficulties and broader economic developments.
For his part, Ali Al Khalifa. CEO of Future Generation Reserve said that the fund’s financial results for the fiscal year ending December 31, 2021, confirmed this. He noted that the fund also recorded a positive return on investments of 10.4 percent and an average return over 5 years of 7.4 percent.
According to the final audited financial statements, which confirmed that the financial statements appeared fairly in all material respects, including the financial position of the reserve for future generations and cash flows, the results showed achieving a total comprehensive income of $50.8 million in accordance with international financial reporting standards.
