Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, yesterday announced the appointment of new members featuring a team of skilled Bahraini professionals to the board of directors of Mazad.
It named Marwa Khalid Al Saad as the chairman of the board while members are Tameem Salman Almosawi, Husain Ahmad Marzooq, Ahmed Hisham Al Rawi, Hesham Ahmed Al Saati, Noor Yousef Sharafi and Zeyad Adel Darwish.
Mumtalakat chief executive Shaikh Abdulla bin Khalifa Al Khalifa expressed his appreciation to the previous members of the board for their exceptional contributions and efforts.
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 in 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.
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