MANAMA: Bahrain’s sovereign wealth fund, Mumtalakat, which has a 60 per cent stake in Mclaren, expects the British racing team and supercar maker to go public in two to three years, its chief executive told Reuters yesterday.
“The racing team has benefited from the growth and viewership so that side of the business has been doing fantastically well,” Khalid Al Rumaihi said in an interview.
“The automotive side clearly has challenges, but we believe in the company and we think this will be a prime candidate, obviously not at the moment, but in two to three years for an IPO (initial public offering),” he said.
Mclaren did not immediately respond to a request for comment.
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