Mumtalakat Holding Company

Mumtalakat Holding Company B.S.C.
Native name
شركة ممتلكات البحرين القابضة ش.م.ب مقفلة
Company typeState-owned
IndustrySovereign Wealth Fund Holding company
FoundedJune 29, 2006; 18 years ago (2006-06-29) in Bahrain
FounderHamad bin Isa Al Khalifa
HeadquartersManama,
Bahrain
Area served
Worldwide
Key people
ServicesInvestment
OwnerKingdom of Bahrain
Subsidiaries
Websitemumtalakat.bh
Footnotes / references
[1]

Bahrain Mumtalakat Holding Company B.S.C. (Mumtalakat) is the sovereign wealth fund of the Kingdom of Bahrain.[2] It was established by Royal Decree in 2006 and is wholly owned by the Government.[1] Mumtalakat actively sought investment opportunities locally, regionally and internationally.

In December 2024, according to the Sovereign Wealth Fund Institute, the fund has nearly $17.6 billion in assets under management.[3]

Mumtalakat invests in assets unrelated to either oil or gas across different sectors including education, aviation, healthcare, consumer and financial services, industrial manufacturing, real estate, tourism and logistics.[4] From its inception in 2006, Mumtalakat initially pursued investments primarily in Bahrain, with just 3% apportioned abroad; in 2019, that figure rose to 30%,[5] comprising investments in Europe, the United States, the Middle East and North Africa consisting of both minority and majority stakes in its portfolio companies.[2] Mumtalakat Holding Company B.S.C. is based in the Arcapita Building, Bahrain Bay, Bahrain.[2]

Investments

Since 2024, Mumtalakat owns 100% of McLaren Group.[6]

Mumtalakat is also a shareholder in:[7]

  • Aluminium Bahrain
  • Bahrain Real Estate Investment Company
  • Bahrain Telecommunications Company (36.7%)
  • Envirogen Group (British group specialized in industrial water treatment solutions)
  • FAI Aviation Group (German private jet rental company)
  • Gulf Cryo (first Kuwaiti gas manufacturer in industrial gases such as oxygen and nitrogen to the petroleum industry)
  • Gulf Hotel Group (Bahraini hotels chain)
  • National Bank of Bahrain
  • Premo Group (German group specialized in the development, manufacture and sale of electronic components)

Collaboration

On 10 December 2024, it was reported that CYVN Holdings have acquired the automotive business of McLaren from Mumtalakat, a deal which will see the high-performance automobile company weathers through the financial woes and builds its first electric supercar. The deal will also see CYVN hold a non-controlling stake in McLaren's racing business.[8]

References

  1. ^ a b "2022 Consolidated Financial Statements" (PDF). Mumtalakat. 26 June 2023. Archived (PDF) from the original on 9 October 2023.
  2. ^ a b c "Home". mumtalakat.bh.
  3. ^ "Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain". www.swfinstitute.org.
  4. ^ "Industries Archive". www.mumtalakat.bh.
  5. ^ "Sovereign wealth, sovereign whims: Gulf states are becoming more adventurous investors". The Economist (registration or subscription). June 15, 2019. p. 40 (full page). Retrieved 7 August 2019.
  6. ^ "Who Owns McLaren? | Brand History | Where Are McLaren Cars Made?". Retrieved Mar 15, 2023.
  7. ^ "Our Portfolio". www.mumtalakat.bh.
  8. ^ Salian, Neesha (2024-12-10). "CYVN acquires McLaren's automotive business, stake in racing business". Retrieved 2024-12-18.

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