News

Mumtalakat plans executive reshuffle

MumtalakatBahrain sovereign wealth fund Mumtalakat is set to make changes to its board following an edict from the crown prince and prime minister. According to state media, Salman bin Hamad Al-Khalifa issued an order to restructure the fund’s board. He also called for finance minister Salman bin Khalifa Al-Khalifa to be installed as chairman. Mumtalakat has around US$18 billion in assets under management and its portfolio includes British motor racing team, McLaren. Its 2021 results, posted in June, showed that the state-backed fund had swung back to profit after suffering a loss the previous year. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

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Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

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Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

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With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.