Bahraini holding firm Mumtalakat (Mumtalakat) has introduced the event of its funding technique to assist the efforts of the financial restoration plan by scaling it up by successfully managing strategic property inside its funding portfolio and making use of a balanced funding strategy.
The developed funding technique makes use of an environment friendly possession mannequin that may permit Mumtalakat to develop into an energetic investor and participant within the strategy of supporting the sustainable development of property and growing their worth by way of joint administration and efficient illustration on boards of administrators, along with offering strategic experience.
On this event, His Excellency Mr. Khalid Al Rumaihi, CEO of Mumtalakat, stated: “By way of our developed funding plan, we can work intently with the businesses in our funding portfolio as strategic companions to successfully assist development and improvement plans. board stage”, including that Mumtalakat continues his efforts to put money into Bahrain domestically to attain development and improvement of varied industrial sectors within the Kingdom by enhancing the worth of the portfolio by way of efficient possession and attracting new investments that may present sustainable monetary returns, along with persevering with an energetic position as a contributor to the Bahraini financial system.
Mumtalakat’s funding portfolio is managed by specialised teams in response to asset lessons, which embrace home investments, public investments, worldwide asset administration and strategic investments. The main focus will likely be on native funding, persevering with to hunt international funding alternatives by way of the worldwide asset administration group and partnerships by way of the strategic funding group.
Mumtalakat’s portfolio additionally consists of greater than 50 firms, most of whose shares are in strategic firms of Bahrain, which contribute about 18% of GDP, present greater than 12,000 specialised jobs in Bahrain and contribute to the whole price range of a complete of 100 million Bahraini dinars since 2017. On the finish of 2021.
By way of its new strategy, Mumtalakat will be capable to proceed to assist Bahrain’s financial development by way of its native portfolio firms, in addition to to hunt new funding alternatives in step with the Kingdom’s financial necessities and in partnership with the Bahrain group in new sectors. reminiscent of meals safety, monetary and well being know-how, vaccine manufacturing, and so on.
The portfolio of Mumtalakat consists of greater than 50 firms, together with numerous main firms within the Kingdom of Bahrain, together with Gulf Air, Alba, Batelco and the Nationwide Financial institution of Bahrain. As well as, the portfolio consists of direct investments outdoors of Bahrain and joint funding packages managed by main worldwide funds .