Mumtalakat Holding Company Explained

Mumtalakat Holding Company B.S.C.
Native Name:شركة ممتلكات البحرين القابضة ش.م.ب مقفلة
Native Name Lang:ar
Type:State-owned
Industry:Sovereign Wealth Fund Holding company
Founded: in Bahrain
Founder:Hamad bin Isa Al Khalifa
Hq Location:Manama
Hq Location Country:Bahrain
Area Served:Worldwide
Services:Investment
Owner:Kingdom of Bahrain

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

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.[1] Mumtalakat Holding Company B.S.C. is based in the Arcapita Building, Bahrain Bay, Bahrain.

Investments

Since 2024, Mumtalakat owns 60% of McLaren Group.[6]

Mumtalakat is also a shareholder in:[7]

Notes and References

  1. Web site: Home . mumtalakat.bh.
  2. Web site: 2022 Consolidated Financial Statements . 26 June 2023 . Mumtalakat . https://web.archive.org/web/20231009050344/https://ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com/202306/1417534f-2d13-4d50-b03b-aa8be4f61043.pdf . 9 October 2023 . live.
  3. Web site: Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain . www.swfinstitute.org .
  4. Web site: Industries Archive. www.mumtalakat.bh.
  5. News: Sovereign wealth, sovereign whims: Gulf states are becoming more adventurous investors . 7 August 2019 . The Economist (registration or subscription) . June 15, 2019 . 40 (full page) . English.
  6. Web site: Who Owns McLaren? | Brand History | Where Are McLaren Cars Made?. Mar 15, 2023.
  7. Web site: Our Portfolio . www.mumtalakat.bh.