Mumtalakat, Mubadala establish joint fund

Manama, November 9 (BNA) during the official visit of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the United Arab Emirates, and CEO of Bahrain Mumtalakat Holding Company (Mumtalakat). His Excellency Khalid Al-Rumaihi, the Sovereign Wealth Fund of the Kingdom of Bahrain, met with the Managing Director and CEO of Mubadala Investment Group (Mubadala), His Excellency Khaldoon Khalifa Al Mubarak.

Following the discussions, the two sides agreed to cooperate in areas of common interest and to encourage cooperation in investments that benefit the interests of both Bahrain and the United Arab Emirates. They also agreed to establish a joint investment fund for projects in both countries and abroad.

His Excellency Khalid Al-Rumaihi praised the depth of diplomatic and economic relations between Bahrain and the UAE, and highlighted the importance of the official visit to the UAE, led by His Highness the Crown Prince and Prime Minister, in enhancing cooperation through a range of investment initiatives. and regions.

NS

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