Overview

Mumtalakat is the investment company for Bahrain, and was established as an independent holding company for the Government of Bahrain’s non-oil and gas assets in June 2006.

With over 30 commercial enterprises within its portfolio, Mumtalakat’s investment strategy is to enter into partnerships with local, regional and global institutions targeting opportunities for long term, sustainable financial returns.

Mumtalakat’s investment goal is to create a balanced portfolio of national, regional and international investments to achieve high returns and spread risk through geographic and industrial diversification. Mumtalakat is targeting investment opportunities in specific market sectors such as financial services, telecommunications, real estate, food, hospitality and leisure, transportation and renewables. It will seek minority investment positions and seek to offer its portfolio companies added value through knowledge and expertise as it develops its global talent resource. Given the current economic conditions, Mumtalakat’s investment strategy is largely focused on investing in its domestic portfolio to grow its value organically ahead of an improvement in global market conditions.

Notable Mumtalakat portfolio companies include Gulf Air, Bahrain’s national airline; the aluminium manufacturer Alba; national telecoms operator Batelco and the National Bank of Bahrain. It also holds a 30% stake in McLaren Group Limited, the parent company of the Vodafone McLaren Mercedes F1 racing team.

The investment company is chaired by Sheikh Ahmed bin Mohammed Al Khalifa, Bahrain’s Minister of Finance and is led by CEO Talal Al Zain. Mumtalakat is rapidly developing a world class team of financial, investment and strategy experts to help deliver its strategy and only recently announced the appointments of a Chief Operating Officer, a Chief Investment Officer and VP Corporate Development.