McLaren Records Losses up to BD52 Million Contrary to Mumtalakat Expectations
2022-09-06 - 3:05 p
Bahrain Mirror: McLaren, luxury automotive manufacturer, recorded semi-annual losses of around £120 million (BD52 million), contrary to the company's announced outlook.
Mumtalakat owns about 60% of the company's shares. Mumtalakat CEO said the automotive sector has challenges, but we have confidence in the company.
Last July, Rumaihi did not rule out that the company will be a candidate for an initial public offering, noting that this could happen within 3 years
McLaren recorded its mid-term losses down 594% year-on-year, despite its officials optimism.