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;17 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 October 2023, according to the Sovereign Wealth Fund Institute, the fund has nearly $18.3 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]

Related Research Articles

The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the government of Norway.

Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, Japan and Singapore. Investcorp's principal client base is in the six countries of the Gulf Cooperation Council, but it also has a growing base of institutional clients in North America, Europe, and Asia.

<span class="mw-page-title-main">Abu Dhabi Investment Authority</span> Sovereign wealth fund

The Abu Dhabi Investment Authority is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $853 billion. ADIA is one of the largest sovereign wealth funds in the world.

Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or Real estate investment trusts.

<span class="mw-page-title-main">GIC (sovereign wealth fund)</span> Singaporean sovereign wealth fund

GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, of which "GIC" is derived from as an acronym, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.

<span class="mw-page-title-main">KIPCO</span>

Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region, with consolidated assets of US$34.2 billion as of 31 December 2018. The group has significant ownership interests in a portfolio of over 60 companies operating across 24 countries. The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

Mansour Akram Ojjeh was a French Saudi Arabian-born entrepreneur who owned a part of TAG, a Luxembourg-based holding company with interests worldwide. Ojjeh was the CEO of TAG, which owns 14.32% of the McLaren Group, whose assets include McLaren Automotive and the McLaren Formula One team since the 1970s and 2000s.

<span class="mw-page-title-main">Sovereign wealth fund</span> State-owned investment fund

A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank.

Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which include private equity, private debt, public equity and public debt.

<span class="mw-page-title-main">Arcapita</span> Holding and real estate company

Arcapita founded in 1997, is an asset management firm. Headquartered in Manama, Bahrain, Arcapita also operates from its offices in the United States, the United Kingdom, Saudi Arabia, and Singapore. The firm serves a group of investors in the Middle East region including investment firms, family offices, high net-worth individuals, and sovereign wealth funds. Arcapita completed over 100 investments in the United States, Europe, the Middle East, and Asia for a total transaction value exceeding $30 billion. The board of directors contain nine members, mainly from the Gulf Cooperation Council. Members are chairs, previous chairpersons, or current Chief Executive Officers of sovereign wealth funds, regional investment firms or global financial services firms.

<span class="mw-page-title-main">Qatar Investment Authority</span> Sovereign wealth fund of Qatar

The Qatar Investment Authority is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In October 2023, the QIA has an estimated $475 billion of assets under management.

<span class="mw-page-title-main">Samruk-Kazyna</span> Sovereign wealth fund of Kazakhstan

Samruk-Kazyna, officially known as the National Welfare Fund "Samruk-Kazyna", is a sovereign wealth fund and joint stock company in Kazakhstan which owns, either in whole or in part, a number of major companies in the country. This includes the national rail and postal service, the state oil and gas company KazMunayGas, the state uranium company Kazatomprom, Air Astana, and others. The state is the sole shareholder of the fund.

Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions. This name was chosen due to the markets that Samena invests in. These are the Indian Subcontinent, Asia, Middle East and North Africa – a region collectively known as SAMENA. Also in ancient Buddhist script, Samena means "together" or "collective", which reflects the collective investment model the company is based on. The company and its subsidiaries employ 26 people in 3 locations worldwide, and has 48 shareholders.

<span class="mw-page-title-main">Russian Direct Investment Fund</span> Fund established by the Russian government in June 2011

The Russian Direct Investment Fund is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world's largest institutional investors, direct investment funds, sovereign wealth funds and leading companies.

<span class="mw-page-title-main">Brunei Investment Agency</span> Sovereign wealth fund of Brunei

The Brunei Investment Agency (BIA) is a government-owned corporation that reports to the Ministry of Finance of the Government of Brunei. Established in 1983, its offices are located in Bandar Seri Begawan at the Ministry of Finance HQ. Data on the agency's assets are not reported to the public and the Sultan and his assets, to a certain degree, are also incorporated in the agency; however the extent is unknown. In October 2023, the fund has a total of US$73 billion in assets under management.

<span class="mw-page-title-main">Gulf Cryo</span> Middle Eastern supplier of industrial, medical and specialty gases

Gulf Cryo is a Middle Eastern company that supplies industrial, medical and specialty gases. The group comprises thirty companies in the MENA region and operates as a closed share holding company. It is considered a leader in the gas industry in the MENA region.

<span class="mw-page-title-main">Investment Corporation of Dubai</span> Sovereign wealth fund from the United Arab Emirates

Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.

public wealth fund (PWF) is a centralised government ownership vehicle structured as a holding company that owns, manages and develop operational and real estate assets, based mainly within its jurisdiction. A public wealth fund at the national level is often called a national wealth fund. Examples include Temasek in Singapore, Solidium in Finland, ÖBAG in Austria, LCR in the United Kingdom, as well as Vasakronan and Jernhusen in Sweden.

Abdulla Adel Fakhro is a Bahraini businessman and politician currently serving as minister of Industry and Commerce. He was a member of the Board of Directors of Bahrain Chamber of Commerce and Industry.

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.

Commons-logo.svg Media related to Mumtalakat Holding Company at Wikimedia Commons