Mumtalakat 2020 Annual Report

Overview

Who We Are

Mumtalakat has played a key role in enhancing the Kingdom of Bahrain’s wealth since 2006 through its management of the government’s strategic non-oil and gas related assets. Its establishment as the sovereign wealth fund of the Kingdom was a major component of Bahrain’s economic diversification plan, led by the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, HRH Prince Salman bin Hamad Al Khalifa. Operating as an independent holding company, Mumtalakat’s assets have grown to include more than 60 local and international companies spanning a multitude of sectors, including financial services, real estate, tourism, industrial manufacturing, and many more.

Adopting a commercial mindset along with the diligence of the private sector, Mumtalakat has contributed to the stabilisation of Bahrain’s key strategic assets. With a focus on furthering the performance of its existing portfolio, while adopting a long-term strategy of continued growth and sustainability, it ensures that the highest standards of corporate governance and commitment to transparency are adhered to.