Mumtalakat Digital Annual Report

10 years
in the making

Overview

Who we are

Established in 2006 as the sovereign wealth fund of the Kingdom of Bahrain, the Bahrain Mumtalakat Holding Company (Mumtalakat) is mandated to grow the wealth of the nation through commercially viable and sustainable long-term investments based on sound financial, strategic and governance principles.

Today, Mumtalakat holds stakes in over 50 commercial enterprises with a portfolio spanning a variety of sectors, including industrials and manufacturing services, financial services, technology, media, telecommunications, real estate and tourism, logistics, consumer products, healthcare and education. Leveraging its sector specific expertise gained over the years managing a diverse portfolio, Mumtalakat aims to be the partner of choice for companies and investors seeking a value adding partner with a long-term investment perspective.

Our Vision

We aim to be recognised as the partner of choice for companies and investors seeking an active investment partner with a long-term perspective.

Our Mission

We invest in companies with growth potential across multiple industries and geographies to achieve sustainable investment returns.

Our core values

We stand by our values. They are reflected in every action we take.
These are the guiding principles that shape our identity, our decisions and our future.

Leadership

We believe in active and responsible leadership both internally and in our engagement with our stakeholders.

Collaboration

We work collaboratively as a team and build upon each other’s strengths to achieve our goals.

Transparency

We commit to the highest standards of openness and transparency in our day to day business.

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Mumtalakat Milestones

2006


Mumtalakat was established by Royal Decree

2007


Made our first international acquisition – in the McLaren Group

2008

Secured US $500 million syndicated loan
Syndicated loan is a group loan provided by different lenders to one borrower

2009


Established Gulf Aviation Academy

2010


Alba IPO successfully completed

2010


Mumtalakat rated 9/10 for transparency

Transparency Rating is issued by the Sovereign Wealth Fund Institute

2010


Issued US $750 million debut bond offering

2010


Assigned ‘A’ rating by S&P and Fitch Ratings

2011


Appointment of new Mumtalakat Board of Directors under the Chairmanship of HE Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minster

2012


Issued a MYR 3 billion Sukuk Murabaha Programme

Sukuk Murabaha is an Islamic financing agreement

2012


Secured grade ratings of AA2 RAM Ratings

RAM is a credit rating agency in Malaysia

2013


Arranged US $250 million revolving credit facility

Revolving credit facility is a loan with flexible payment terms

2013


Received the first Foreign Sovereign Wealth Fund award by RAM Rating

2014


Acquired a stake in leading software provider ProUnlimited

2014


Invested in global Sharia compliant alternative investment manager Arcapita

2014

Development of Al Sahel Resort
Al Sahel Resort is a Joint Venture partnership between Mumtalakat and Sama Dubai

2014


Acquired a stake in international education provider, GEMS MENASA

2014


Launched the INSEAD directors programme

2014

Issued a US $600 million 7-year Sukuk

2014


Signed US $500 million Unsecured Revolving Credit Facility

2015


Transparency rating upgraded to 10/10

2015


Launch of Atbahrain, a destination management company

2015


Acquired a stake in UK investment firm, Cranemere Group

2015


Invested in US education provider, Nobel Learning

2015

Announced the development of Fairmont

Fairmont Bahrain is a new luxury resort development to be opened in the South of Bahrain

2016


First investment in water treatment company, Envirogen

2016


Partnered with Regent Properties to acquire office portfolio in the US

2016


Acquired a stake in an Italian healthcare company, KOS Group

2016

Invested in leading industrial gas player, Gulf Cryo

2016


Acquired a stake in Spanish based aluminium grain refiner, Aleastur

2016


Formed a Joint Venture with Mueller Industries and Cayan Ventures to develop the first copper manufacturing facility in Bahrain