PIF, Mumtalakat Holding signs MoU to explore investments in Bahrain

PIF, Mumtalakat Holding signs MoU to explore investments in Bahrain

Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have inked a memorandum of understanding (MoU) to expand cooperation to enable new investment opportunities in Bahrain.

The MoU offers investment opportunities in Bahrain to the PIF and its portfolio companies, according to a press release.

The protocol also allows for additional opportunities for the private sector in both countries.

Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Bahrain Mumtalakat Holding, stated: “We are pleased to cooperate with PIF. This cooperation is an extension of the strong relations that bring the two kingdoms together.”

“This is also in line with Mumtalakat’s efforts to invest in promising economic sectors, provide quality job opportunities, continue to contribute to the national economy, and work towards achieving the goals of Bahrain Vision 2030,” Al Khalifa added.

Yazeed Al Humied, Deputy Governor and Head of MENA Investments at PIF, commented: “The MoU with Bahrain’s Mumtalakat Holding Company is an important step that aims to contribute to enhancing collaboration and investment opportunities in various sectors in the Kingdom of Bahrain.”

“The MoU also enables the achievement of sustainable returns that further contribute to maximizing PIF’s assets and diversifying