Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain’s strategic non-oil and gas related assets. Mumtalakat was created to align and implement the execution of the government’s initiatives to pursue value-enhancing opportunities, improve transparency and help achieve operational excellence for its state-owned non-oil and gas related assets. Mumtalakat holds stakes in over 35 commercial enterprises, representing a portfolio value of approximately BD 3.4 billion (U.S.$9.1 billion) as of December 31, 2009 and spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation, and food production.)
Family Owned Conglomerates in Bahrain
Traditionally, Bahrain developed its own business families. Despite the influx of foreign players, Bahrain still boosts very powerful diversified conglomerates such as:
Abdulla Yousif Fakhro Group
The Fakhro Group, also known as the Abdulla Yousif Fakhro Group is one of the oldest and leading Bahraini enterprises. The group is headquartered in Manama
Yusuf Bin Ahmed Kanoo Group
The YBA Kanoo(Kanoo Group) is one of the largest independent, family owned, group of companies in the Gulf region. Established in Bahrain in 1890 by Haji Yusuf Bin Ahmed Kanoo, and grew from its early trading and shipping business to become one of the most diversified and highly regarded business houses in the gulf region and beyond.
Y. K. Almoayyed & Sons
Y. K. Almoayyed & Sons Group, since its establishment in 1940, has emerged from a small one-man business to one of the most successful and diversified professionally managed, integrated commercial, industrial and services organization in the Kingdom of Bahrain and beyond. Today, with over 5000 staff, our diversified organization provides sales, distribution and service facilities for key industry sectors and market segments in Bahrain where we now represent over 300 leading brands from all over the world.
Al Zayani Investments (Group)
Involved in diversified industries such as automotive, health care, manufacturing, real estates and service, the company is expanding on constant basis.
NASS THE GROUP is a well established industrial conglomerate and construction powerhouse encompassing a total of 34 companies and 6 associates having operation throughout the Gulf.
( Multi-line Consumer Goods, Eyewear and Optical Goods, Food and Beverages, Food, Health Care, Health Care Products, Health Care Services, Real Estate Agents and Brokers, Landlords and Developers, Real Estate Management, Retail, Specialized Retailers, Services, Business Services)
Dadabhai Group's assets include some of Bahrain's best known hotels, including the Best Western Baisan Tower and Baisan Hotel, besides the four luxury Elite Apartment blocks. Dadabhai also runs the Hawar Resort, which is a major draw with both visitors and residents.