Shaikh Abdulla takes charge as Mumtalakat chief executive

Shaikh Abdulla bin Khalifa Al Khalifa has officially taken charge as the new chief executive of Bahrain’s sovereign wealth fund Mumtalakat from the start of this month.

An announcement yesterday said that following the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, the board of directors of Mumtalakat chaired by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa welcomed Shaikh Abdulla to the new role.

Expressing gratitude and appreciation to the kingdom’s leadership and Mumtalakat’s board, Shaikh Abdulla said: “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.”

Prior to joining Mumtalakat, Shaikh Abdulla served as chief executive of Osool Asset Management, the investment arm of the Social Insurance Organisation, which manages around $12 billion across different asset classes globally.

Shaikh Abdulla also serves as the chairman of Beyon (formerly Batelco) as a representative of Mumtalakat since 2018.

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

Shaikh Abdulla holds a bachelor’s degree in business administration from George Washington University, USA, and has more than 22 years of experience in the banking and financial services industry.




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