Portfolio

Subsidiary Companies

	Companies Names	Sector	Share Holding
	Al-Awali Real Estate Company	Real Estate	100%
	Aluminum Bahrain (ALBA)	Aluminium	77%
	Bahrain Airport Company SPC	Transportation	100%
	Bahrain Food Holding Co.	Food	100%
	Bahrain International Circuit Company SPC	Events	100%
	Bahrain Real Estate Company (EDAMAH)	Real Estate	100%
	Gulf Air	Transportation	100%
	Gulf Air Group Holding Company	Transportation	100%
	Gulf Aviation Academy BSC (c )	Transportation	100%
	Howar Island Development Company	Real Estate	100%
	ATBAHRAIN B.S.C. (Closed).	Real Estate	100%
	Tourism Project Company	Hospitality & Leisure	100%

Companies in which Mumtalakat holds equity not exceeding 50% of the capital:

Associate Companies:

	Companies Names	Sector	Share Holding
	Bahrain Telecommunication Company (Batelco)	Telecom	36.67%
	Durrat Khaleej Al Bahrain Company	Real Estate	50.00%
	Gulf Aluminium Rolling Mill Company (GARMCO)	Aluminium	37.29%
	Howar Holding Company	Telecom	33.33%
	BBIC Limited	Infrastructure	37.40%
	Lulu Tourism Company	Real Estate	50.00%
	McLaren Group	Transportation	42.00%
	McLaren Automotive	Transportation	50.00%
	National Bank of Bahrain (NBB)	Financials	49.00%
	Southern Area Development Company	Real Estate	28.13%

Non - Trading Investments Companies

	Companies Names	Sector	Share Holding
	Arab Company for Drug Industries & Medical Appliances	Pharmaceutical	0.90%
	Arab Investment Company	Financials	1.70%
	Arab Maritime Petroleum Transport Company	Transportation	3.83%
	Arab Petroleum Investment Corporation (APICORP)	Financials	3.00%
	Arab Petroleum Services Company	Financials	3.00%
	Arab Satellite Company (ARABSAT)	Telecom	2.50%
	Arab Shipbuilding & Repair Yard (ASRY)	Shipping	18.82%
	Bahrain Family Leisure Company	Hospitality & Leisure	12.50%
	Bahrain International Golf Company	Events	14.29%
	Dar Al Mal Al Islami	Financials	0.15%
	Gulf International Bank (GIB)	Financials	0.44%
	Gulf Investment Company (GIC)	Financials	16.72%
	Oasis Capital Bank	Financials	4.08%
	United Arab Shipping Company (UASC)	Shipping	2.10%
	Zallaq Resort Company	Hospitality & Leisure	4.31%