Bahrain Mumtalakat Holding Company “Mumtalakat”, the sovereign wealth fund of the Kingdom of Bahrain, today announced the launch of Bahrain Food Holding Company “Food” to promote growth and innovation in the food and agriculture sector and support the Kingdom of Bahrain’s efforts to achieve food security.
Mumtalakat also announced the appointment of members of the Board of Directors of Food Company, which brings together experiences and competencies that will enhance the company’s ability to develop its strategy and grow its business, as follows:
Mr. Bassem Mohammed Al-Saei, Chairman of the Board of Directors
Mr. Sami Muhammad Zainal, Member
Mr. Khaled Ali Al-Amin, Member
Engineer Youssef Khalifa Al Mana, member
Mr. Iyad Reda Faraj, member
Mr. Omar Ali Sayed, Member
Mr. Muhammad Sadiq Al Rahma, Member
Food Company will include Mumtalakat’s current assets operating in the food sector, as the presence of all these companies under one umbrella will enhance the prospects for cooperation and integration among them, and will also provide a platform for building and developing Bahraini expertise in this field. Food Company will also work to search for promising investment opportunities in projects and technologies that will enhance food production, manufacturing and distribution.
In this context, His Excellency Sheikh Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat Company, welcomed the members of the Board of Directors of “Food” Company and commented, saying: “The launch of “Food” Company makes it a major driver in the food and agriculture sector, which confirms our commitment to building positive impact and sustainability. Within the food sector locally, in recognition of the importance of ensuring food security for current and future generations, in line with the national goals of the rational government represented by the National Food Security Strategy.”
His Excellency added: “Food aims to promote the sustainable food manufacturing sector and agricultural practices that will reduce our dependence on imports, in addition to providing healthy foods, and stimulating manufacturing and distribution within the agricultural food sector in the Kingdom by finding innovative solutions and investing in them.”
Food aims to invest in sectors including agri-food technology, sustainable agriculture, and food services, by searching for opportunities and partnerships that are compatible with its goal and the approach adopted by Bahrain Mumtalakat Holding Company in enhancing the efficiency of its current assets and developing its portfolio to achieve long-term sustainable growth.
