Mumtalakat, Bahrain’s sovereign wealth fund, yesterday announced a new board of directors for Gulf Air Group Holding under the chairmanship of Khalid Hussain Taqi.
The new board comprises the following members: Shaikh Fahad bin Abdulrahman Al Khalifa, Sara Ahmed Buhiji, Fatema Bashar Al Hasan, Ali Moosa Shafiee, Tarek Abdulaziz Sultan, Charlie Foreman. Faisal Ali Al Jalahma and Alaa Abdulkhaleq Saeed.
Mumtalakat said the appointment of the new board aligns with its strategic priorities to proactively manage its portfolio and drive sustainable growth that supports the aviation industry’s contribution to Bahrain’s economic recovery.
Key facets of Mumtalakat’s strategy include active asset management, strengthening board governance, and generating stable financial returns.
Mumtalakat expressed its gratitude and appreciation towards the former chairman and board members for their service and contribution during their tenure.
A local portfolio company of Mumtalakat, Gulf Air Group Holding includes Gulf Air and Bahrain Airport Company.
Mumtalakat’s portfolio consists of more than 50 companies, including some of the kingdom’s leading enterprises such as Alba, Batelco and National Bank of Bahrain.
In addition, the fund includes direct international investments and co-investments managed by leading international funds.
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