Bahrain Mumtalakat Holding Company ("Mumtalakat")

Mumtalakat and SandboxAQ, a global leader in artificial intelligence and quantum techniques, today announced that they have entered a strategic partnership to catalyse a cutting-edge biotech ecosystem in the Kingdom of Bahrain.  In this partnership, Bahrain is licensing SandboxAQ’s software and expertise in quantitative AI to identify and develop targets and novel therapeutics. The collaboration is expected to create over $1 billion in value for the Kingdom through new biotech assets. https://lnkd.in/dGvP3dGE

Beyon announced the launch of Umniah by Beyon in Jordan, marking a bold new chapter in the Group’s ongoing evolution as a leading international technology powerhouse. The launch reflects Beyon’s strategic vision to unify its telecommunications brands under one dynamic identity, while reinforcing the group’s strength across the company’s global footprint, cementing its position as a diversified group driving technology, connectivity, and digital innovation. The new identity ‘Umniah by Beyon’ was announced during an event held in Amman, attended by members of the royal family, ministers, diplomats, senior officials, and media. The event was hosted by Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat and Chairman of Beyon Group, and celebrated two decades of successful investment in Jordan.

In line with the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to launch this year’s Tree Week, our CEO and executive management team at Mumtalakat participated in tree planting activity. This initiative reflects our deep commitment to sustainability and a greener future for generations to come. #NationalTreeWeek #TeamBahrain #Bahrain

Mumtalakat’s Chairman, HE Shaikh Salman bin Khalifa Al Khalifa, the Minister of Finance and National Economy, together with the Board of Directors, executive management and employees, gathered to celebrate McLaren’s remarkable achievement as World Constructors’ Champion for the second consecutive year. The milestone reflects the tangible results of Mumtalakat’s ongoing transformation strategy, focused on strengthening performance, enhancing governance and unlocking long-term value across its portfolio. McLaren’s continued success stands as a testament to this strategic approach and the positive impact of Mumtalakat’s active management in driving sustainable growth and global competitiveness. #TeamBahrain

As part of HRH the Crown Prince and Prime Minister’s official visit to the Italian Republic and in the presence of HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of Mumtalakat, a framework cooperation agreement was signed between Mumtalakat and Investindustrial for collaboration in the field of investment. The agreement was signed on the Bahraini side by HE. Shaikh Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat, and on the Italian side by Mr. Andrea Bonomi, Chairman of Investindustrial.

Mumtalakat participated in the Supreme Council for Women's event to launch the 8th edition of the Princess Sabeeka Bint Ibrahim Al Khalifa Award for Bahraini Women's Advancement through a speech by Mrs. Aisha Al Balushi, Head of Equal Opportunities Committee at the company.

Mazad, Bahrain’s leading online auctions platform, and a local portfolio company of Mumtalakat, announced the appointment of Nezar Hasan Habib as Chief Executive Officer, effective 20 July 2025. Nezar brings over twenty years of leadership experience across the telecom and banking sectors in Bahrain and the UAE, most recently served as Director of SME at STC Bahrain. He has a proven track record of building high-performing teams, leading impactful marketing initiatives, crafting innovative go-to-market strategies, and driving business growth.

SAFA, Bahrain’s leading carbon offset and climate action platform, and a local portfolio company of Mumtalakat, announced today the appointment of Talal Arif Al Araifi as Chief Executive Officer. With a solid foundation in finance and a proven track record of driving innovative strategies and delivering impactful results, Talal is well-equipped to lead Safa into a new era of growth and opportunity.

In 2024, Lumofy | لوموفاي won the Startup of the Year Competition – a joint initiative between Mumtalakat and Tamkeen that offers Bahrain Startup winners the opportunity to receive a direct investment from Mumtalakat.   Today, we reflect upon Lumofy’s journey over the past year, from scaling operations to entering new markets.

عيدكم مبارك وكل عام وأنتم بخير. Wishing you and your loved ones a blessed Eid.