Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain state fund

Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain state fund

World Trade Center, Manama, Bahrain. Photo: Charles-Adrien Fournier/unsplash

Bahrain’s state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.