Bahrain’s sovereign wealth fund Mumtalakat has announced a new investment strategy designed to support Bahrain’s economic recovery plan.
Key to the strategy is a greater emphasis on active investment.
According to Mumtalakat, active ownership will enable the fund to be an “engaged investor” that supports the “sustainable growth” of the assets within its portfolio through “high quality board representation and strategic input”.
There will also be a greater focus on local impact investments, although international opportunities will continue to be explored through the global asset management team.
Mutalakat currently holds majority stakes in Bahraini companies that account for 18% of the country’s GDP and more than 12,000 jobs.
“The new approach will enable us to work closely with our portfolio companies as strategic partners to actively support their growth and development at a board level and beyond,” said Mumtalakat chief executive Khalid Al Rumaihi.
“We are committed to investing in and for the Kingdom of Bahrain to grow and transform industries in the country by enhancing portfolio value through active ownership and by attracting new investments that generate sustainable financial returns and continue to be an active contributor to the economy of the Kingdom of Bahrain.”
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