Mumtalakat, Mubadala sign MoU to explore worldwide co-investment opportunities
Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor, and Bahrain Mumtalakat Holding Company (Mumtalakat), Bahrain's sovereign wealth fund, today signed a Memorandum of Understanding (MoU) to facilitate strategic cooperation between the two institutions.
As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge and best practices to enhance their respective investment and operational capabilities.
“We are excited to collaborate with a likeminded institution, such as Mumtalakat, who share our commitment to building long-term, sustainable relationships," Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO, said.
"The agreement signed today will not only create a platform to enable us to explore mutually beneficial co-investment opportunities around the globe, but it will also facilitate knowledge sharing to strengthen our respective organisations’ investment platforms.”
Khalid Al Rumaihi, Mumtalakat's CEO, said that Mumtalakat is committed to helping drive the economic transformation of Bahrain by continuing to grow and add value to our portfolio.
"Our partnership with Mubadala not only strengthens our collective operational capacity but also bolsters historical ties, which supports our work in transforming the Bahraini economy," he said.
