Mumtalakat 2018 Annual Report

Overview

Overview

Who we are

Mumtalakat was established in 2006, as part of the Kingdom of Bahrain’s economic diversification plan which was spearheaded by the Crown Prince. The company is the sovereign wealth fund of the Kingdom and was created as an independent holding company to manage the Government’s strategic non-oil and gas related assets with a vision of growing the wealth of Bahrain.

 

Since its inception, Mumtalakat’s assets have grown from 29 companies to over 60 local and international companies spanning a variety of sectors including industrial manufacturing, healthcare, financial services, real estate & tourism, education, telecommunications, media & technology, general services and much more.

 

As a holding company for the country’s key assets, Mumtalakat supported the growth of its portfolio, stabilizing their position, enhancing their performance and increasing their value.  At the same time, Mumtalakat is mandated to grow by seeking commercially viable investment opportunities for the long-term in companies with proven track records of growth and profitability, an effective management team and the potential for continued expansion.

 

Although fully owned by the Government, the company operates with the commercial discipline and rigour of the private sector and is committed to transparency and high standards of corporate governance.