Mumtalakat names new board of directors for Mazad

TDT | Manama                                                     

The Daily Tribune – www.newsofbahrain.com

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced yesterday the appointment of the following members to the Board of Directors of Mazad W.L.L. “Mazad”:

• Marwa Khalid Al Saad Chairman

• Tameem Salman Almosawi Member

• Husain Ahmad Marzooq Member

• Ahmed Hisham Al Rawi Member

• Hesham Ahmed Al Saati Member

• Noor Yousef Sharafi Member

• Zeyad Adel Darwish Member Shaikh Abdulla bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, expressed his appreciation to the previous members of the Board of Directors for their exceptional contributions and efforts.

Additionally, he extended a warm welcome to the newly appointed Board of Directors and underscored their profound expertise and knowledge that will prove indispensable in steering Mazad towards the realisation of its expansion goals and the implementation of its strategic plans.

Mazad, a local portfolio company of Mumtalakat, was founded in 2017 with the purpose of supervising and overseeing auctions within the Kingdom of Bahrain.

Guided by its unwavering commitment to transparency, fairness, competitiveness, and sustainability, Mazad consistently introduces new and innovative asset sale and auction mechanisms to enhance its growth and sustainable returns.