Manama, May 9 (BNA) Bahrain Mumtalakat Holding Company (Mumtalakat), the Bahraini sovereign wealth fund, announced a new investment strategy that will support the economic recovery plan of the Kingdom of Bahrain through effective management of its portfolio of strategic assets along with a balanced investment strategy. investment approach.
The new strategy is based on an active ownership model that will enable Mumtalakat to be an active investor engaged in supporting sustainable asset growth through collaborative value creation and supporting 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 properties, global asset management and strategic investments.
The new approach will focus on investments with a local impact and will continue to explore international opportunities through the global asset management team and partnerships through the Strategic Investments team.
Mumtalakat’s portfolio includes more than 50 companies that hold the majority of their stakes in strategic Bahraini companies, representing 18% of the Kingdom’s GDP and supporting more than 12,000 jobs in Bahrain.
It also contributed BD100 million to the national budget from 2017 to 2021 at the end of the year. The new approach will enable Mumtalakat to continue to support the economic growth of the Kingdom through its local companies and to explore new investment opportunities in line with the economic requirements of the Kingdom and in partnership with Team Bahrain in new sectors such as food security, fintech, healthtech, vaccine manufacturing and more.
“The new approach will enable us to work closely with our portfolio companies as strategic partners to support their growth and development at the board level and beyond,” said Mumtalakat CEO Khalid Al Rumaihi.
“We are committed to investing in the Kingdom of Bahrain and for its growth and transforming the industries in the country by enhancing the value of the portfolio through active ownership and attracting new investments that generate sustainable financial returns and continue to be an effective contributor to the country’s economy. The Kingdom of Bahrain.”
Mumtalakat’s portfolio consists of more than 50 companies including some of the leading companies in the Kingdom such as Gulf Air, Alba, Batelco and National Bank of Bahrain.
In addition, the fund includes international direct investments and co-investments managed by leading international funds.