Mumtalakat names Shaikh Abdulla bin Khalifa CEO

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Bahrain Mumtalakat Holding Company (Mumtalakat) has welcomed Shaikh Abdulla bin Khalifa Al Khalifa as the new Chief Executive Officer, effective 1st May 2023.

The move follows the directives of HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister and Mumtalakat board chairman Shaikh Salman bin Khalifa Al Khalifa, who is also Finance and National Economy Minister.

Shaikh Abdulla thanked the leadership and Mumtalakat’s Board of Directors for the trust, adding, “I look forward to working closely with the executive management, the wider Mumtalakat team and portfolio companies to enhance our contribution to the economy of the Kingdom as part of Team Bahrain.”

Before joining Mumtalakat, Shaikh Abdulla bin Khalifa Al Khalifa was the Chief Executive Officer of Osool Asset Management, the investment arm of the Social Insurance Organisation, which manages around USD12 billion across different asset classes globally.

Shaikh Abdulla also serves as the Chairman of the Bahrain Telecommunications Company (BEYON) Board of Directors as a representative of Mumtalakat since 2018.

In addition, he serves on the boards of the Supreme Council of Youth and Sports and Hope Fund.

Shaikh Abdulla had previously served as the Chairman of the Board of SICO Investment Bank, Vice Chairman of The Bank of Bahrain and Kuwait (BBK), and on the Boards of both financial and non-financial institutions.

Shaikh Abdulla holds a Bachelor of Science in Business Administration from George Washington University, USA, and has over 22 years of experience in the Banking and Financial Services industry.