Mumtalakat Holding Company

Last updated
Mumtalakat Holding Company B.S.C.
Native name
شركة ممتلكات البحرين القابضة ش.م.ب مقفلة
Company type State-owned
Industry Sovereign Wealth Fund Holding company
FoundedJune 29, 2006;18 years ago (2006-06-29) in Bahrain
Founder Hamad bin Isa Al Khalifa
Headquarters Manama,
Bahrain
Area served
Worldwide
Key people
Services Investment
Owner Kingdom of Bahrain
Subsidiaries
Website mumtalakat.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.

Contents

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]

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. 1 2 "2022 Consolidated Financial Statements" (PDF). Mumtalakat. 26 June 2023. Archived (PDF) from the original on 9 October 2023.
  2. 1 2 3 "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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