منشور Bahrain Mumtalakat Holding Company ("Mumtalakat"​)

Mumtalakat’s IT Director, Husain Alsabea, recently delivered the closing keynote at Evanta’s Middle East CIO Executive Summit in Riyadh. Alsabea discussed Mumtalakat’s transition towards a more data-driven approach, which involved an organisation restructuring and reallocating resources to promote data driven decision-making. Furthermore, he emphasised Mumtalakat’s role in cultivating a collaborative environment that identifies cross-functional data initiatives to enhance operations and drive portfolio success. Mumtalakat remains committed to harnessing the latest technology to optimise its portfolio, maximising sustainable, long-term returns and contributing to the national economy. Evanta, a Gartner Company, brings together technology executives from the world’s leading organisations to drive innovation, exchange best practices and address critical issues at the forefront of technology today. With over 20 years of experience in the field, Alsabea currently sits as a member and co-chair of Evanta’s Middle East CIO Gorverning Body.

Mumtalakat local portfolio companies, Masar Group W.L.L and H ALDHAEN BOATS WLL (HAB), recently signed a partnership agreement with the aim of increasing Masar's marine tourism fleet. Masar Group will be acquiring 6 boats that comply with international security and safety standards from HAB, which will contribute to raising the group’s accommodation capacity by 45% (148 passengers) and enhancing its maritime tourism services. This aligns with Mumtalakat’s efforts to promote a collaborative ecosystem amongst its portfolio, achieving sustainable, long-term returns.

The Kingdom of Bahrain proudly announces the development of Bahrain Surf Park, the Middle East and North Africa’s first surf park using the state-of-the-art ‘Wavegarden Cove’ technology. The project is being developed in a partnership between Edamah (Bahrain Real Estate Investment), Mumtalakat's real estate arm, and GFH Financial Group (GFH). Bahrain Surf Park will form the first leisure and entertainment element of the wider Bilaj Al Jazayer development, a 1.3 million square metre project along Bahrain’s southwest coast. Recognised as Bahrain’s Best Leisure Development by the Arabian Property Awards, Bilaj Al Jazayer will also feature luxury beachfront hotels, residences, and commercial spaces. https://lnkd.in/dWhnBgyx

Southern Tourism Company, a local portfolio company of Mumtalakat, unveiled its new logo and brand identity which involves a name change to Masar Group W.L.L. This aligns with its strategy of strengthening its offering and expanding its activities to include tourism and logistics.

Mumtalakat, in partnership with M42 Health celebrate breaking ground at the Amana Healthcare site in Al Jasra, Bahrain. This milestone marks M42's entry into Bahrain and Amana Healthcare's commitment to delivering world-class, long-term care and post-acute rehabilitation services to the people of the Kingdom of Bahrain through this first-of-its-kind specialised facility. https://lnkd.in/dHFDeTXF

The Board of Directors of Alba, a strategic portfolio company of Mumtalakat, approved for Alba to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. This potential combination will also reshape the global aluminium industry, positioning the merged entity as one of the largest aluminium producers worldwide. This partnership will create a larger, vertically integrated global champion with significant synergies offering advantages such as expanded production capacity; enhanced global presence; improved ESG performance; greater energy security; and significant shareholder value creation.

Amana Healthcare - Bahrain, a local portfolio company of Mumtalakat, announces its October recruitment day. Visit the link below to register.

Mumtalakat established Bahrain Food Holding Company (BFHC) March 2024 to accelerate growth and innovation, bolstering the agri-food sector in the Kingdom. In this interview, Chairman of BFHC – Basim AlSaie, highlights the importance of BFHC as a catalyst of growth and its role in supporting Bahrain’s efforts and contribution to achieving food security. تأسست شركة غذاء البحرين القابضة "غذاء" في مارس 2024 لتعزيز النمو والابتكار في قطاع الأغذية والزراعة. في هذا اللقاء أبرز السيد باسم الساعي، رئيس مجلس إدارة شركة غذاء، دور الشركة في دعم جهود المملكة لتحقيق الأمن الغذائي

With the summer season at a close, we look back at some of the summer internship programmes across our portfolio. This season saw more collaboration amongst portfolio companies, with American University of Bahrain providing international internships in McLaren Group and Premo Group. This aligns with Mumtalakat’s commitment to investing in the education of Bahraini youth, facilitating future job readiness and employment opportunities.

Mumtalakat announced today a new Board of Directors for local portfolio company Gulf Air Group (GFG), under the chairmanship of Mr. Khalid Hussain Taqi. The new Board of Directors shall comprise the following members: H.E. Shaikh Fahad bin Abdulrahman Al Khalifa Mrs. Sara Ahmed Buhiji Mrs. Fatema Bashar Alhasan Mr. Ali Moosa Shafiee Mr. Tarek Abdulaziz Sultan Mr. Charlie Foreman Mr. Faisal Ali Al Jalahma Mr. Alaa Abdulkhaleq Saeed This aligns with Mumtalakat's strategic priorities to proactively manage its portfolio and drive sustainable growth that supports the aviation industry's contribution to Bahrain's economic recovery. Key facets of Mumtalakat's strategy include active asset management, strengthening board governance, and generating stable financial returns. Mumtalakat expressed its gratitude and deepest appreciation towards the former Chairman and Board members for their exceptional service and contribution during their tenure.