Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom, has launched a new investment strategy that will support Bahrain’s economic recovery plan through the active management of its portfolio of strategic assets along with a balanced investment approach.
The new strategy is based on an active ownership model which will enable Mumtalakat to be an engaged investor involved in supporting the sustainable growth of assets by collaborative value-creation and its implementation through active management with high-quality board representation and strategic input.
The portfolio will be managed by specialized teams according to the asset class, which includes local impact investments, government holdings, global asset management, and strategic investments.
Khalid Al Rumaihi CEO – Mumtalakat
“The new approach will enable us to work closely with our portfolio companies as strategic partners to actively support their growth and development at a board level and beyond. We are committed to investing in and for the Kingdom of Bahrain to grow and transform industries in the country by enhancing portfolio value through active ownership and by attracting new investments that generate sustainable financial returns and continue to be an active contributor to the economy of the Kingdom of Bahrain.”
Mumtalakat’s portfolio comprises over 50 companies such as Gulf Air, Alba, Batelco and National Bank of Bahrain (NBB), with majority stakes in strategic Bahraini companies which account for 18 percent of the Kingdom’s GDP and support more than 12,000 jobs in Bahrain. It has also contributed $265 million to the national budget from 2017 to 2021 year-end.
The new approach will enable Mumtalakat to continue to support the economic growth of the Kingdom through its local portfolio companies and explore new investment opportunities in new sectors such as food security, fintech, health tech, vaccine manufacturing and more.
