Saudi Arabia’s Sovereign Wealth Fund Deepens Collaboration with Bahrain’s Mumtalakat

Saudi Arabia’s Sovereign Wealth Fund Deepens Collaboration with Bahrain’s Mumtalakat

Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, announced a strengthened partnership with Mumtalakat, the sovereign wealth fund of Bahrain, on Tuesday. This move signifies a commitment to fostering economic cooperation and exploring new investment opportunities within the island nation. The agreement, formalized through a memorandum of understanding (MoU), outlines a framework for collaboration across various sectors. This includes identifying and pursuing promising investment […]

via Saudi Arabia’s Sovereign Wealth Fund Deepens Collaboration with Bahrain’s Mumtalakat

Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, announced a strengthened partnership with Mumtalakat, the sovereign wealth fund of Bahrain, on Tuesday. This move signifies a commitment to fostering economic cooperation and exploring new investment opportunities within the island nation.

The agreement, formalized through a memorandum of understanding (MoU), outlines a framework for collaboration across various sectors. This includes identifying and pursuing promising investment ventures in Bahrain, potentially creating new avenues for both PIF and Mumtalakat’s portfolio companies. The MoU also emphasizes the generation of opportunities for the private sectors of both nations, aiming to contribute to their respective economic diversification efforts.

Officials from both entities expressed their optimism regarding the expanded partnership. Yazeed Al-Mehailel, Deputy Governor and Head of MENA Investments