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The board of directors of Mumtalakat Holding Company (Mumtalakat) issued a decision appointing Khaled Amr Al-Rumaihi as CEO of the company, which is considered the sovereign wealth fund and the strategic badet investment arm non oil tankers of the Kingdom of Bahrain.
Sheikh Khalid Bin Abdullah Al Khalifa, Deputy Prime Minister and President of Mumtalakat, said: "We are delighted to welcome Mr. Khalid Al Rumaihi to his new position as Managing Director of Mumtalak. 39, one of the national talents of the Kingdom of Bahrain, which are pursued by various economic sectors of the kingdom. "
Adding that the board of directors of the company wishes to allow Mumtalakat, as well as his team, to pursue his objectives of management of commercial badets and investments in order to support the economy national and sustainable development.
He also thanked Mr. Mahmud Hashim Al-Kooheji, former CEO of Mumtalakat, for his efforts during this period of responsibility in recent years of global market instability, while maintaining his performance, which reflects the flexibility of its approach to investing. In order to develop our national wealth to make it more sustainable.
Prior to his appointment, Mr. Al Rumaihi was CEO of EDB since 2015 and Chairman of the Real Estate Investment Company of Bahrain (Idama), a subsidiary of Mumtalakat specializing in real estate, since 2017. He was also CEO of Investcorp Bank BSC, where he worked for over 10 years and for nine years at JPMorgan, where he held the position of chief of private banking in the Gulf region of the bank, as well as several positions on the boards of the National Bank of Bahrain, Gulf Air, Securities & Investment Company (SICO) Position of the Chairman of the Tactful Board of Directors of Bahrain Airport Company. He holds a Bachelor of Science degree in Foreign Diplomacy from Georgetown University in Washington DC and a Master's degree in Public Policy from Harvard University.
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