Investing for Growth
Strategic Investments to Generate Growth
Today and for the Future
As the Sovereign Wealth Fund of the Kingdom of Bahrain, Bahrain Mumtalakat Holding Company “Mumtalakat” is committed to fostering sustainable economic prosperity for generations to come. We invest in, and for, Bahrain by seeking rewarding investment opportunities across multiple growth sectors and geographies. Since inception in 2006, our robust and diverse portfolio has grown from 29 companies to over 60, with a total consolidated assets of nearly USD 19 billion.
2019 marks another year of solid financial and operational performance across the Mumtalakat Group. Our efforts to maintain a balanced, diversified, and sustainable portfolio have led to robust growth that continues to play a vital role in the economy. Moreover, our focus on revenue enhancement and cost control have contributed to a significant increase in operating income.
SHARE OF PROFITS OF ASSOCIATES
NET PROFIT BEFORE IMPAIREMENT LOSS
The year witnessed considerable strides in relation to strategic investments in our local, regional, and international ventures.
We added a new Spain-based industrial manufacturing investment to our portfolio through an equity stake in Premo Group. Closer to home, Radio Bahrain English Channel (96.5 FM) joined the Group through the newly established Radio Bahrain Company.
We invested in Elm, a Bahrain-based education platform established to develop the education sector in the Kingdom and across the Middle East and North Africa (MENA) region. We also divested from UAE-based GEMS, one of the world’s oldest and largest providers of private K-12 education.
Our portfolio consists of over 60 companies across various sectors in 14 countries, of which 62% is based in the Middle East and North Africa, 30% in Europe and 8% in North America.