Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced “TRAIL» French Investment, signing a strategic partnership under which “Mumtalakat” invests in a “fund”SLAM», which is the first private equity fund of its kind concerned with the sports, luxury, arts and music sectors.
This partnership combines the investment expertise of “TRAIL“And its extensive knowledge of these sectors, as well as Mumtalakat’s regional presence and long-term investment approach, will contribute to expanding the sectors.”SLAM“In the Kingdom of Bahrain and the Gulf Cooperation Council region, through direct investments or through supporting the regional expansion of the Fund’s portfolio companies, where it will open “TRAIL» According to the agreement, it will establish an office in Manama to be a center for access to the Gulf Cooperation Council region in order to support the development of the portfolio companies’ businesses and attract capital at the regional level.
On this occasion, Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of the Board of Directors of Bahrain Mumtalakat Holding Company, confirmed that this strategic partnership reflects the Kingdom of Bahrain’s distinguished position that attracts qualitative investments and international partnerships, noting that investing in the Fund “SLAM» It is consistent with trends aimed at diversifying investment opportunities and enhancing the contribution of promising sectors in supporting economic growth.
For his part, Sheikh Abdullah bin Khalifa Al Khalifa, CEO of Mumtalakat, said: “At Mumtalakat, we continue to grow our investment portfolio by concluding partnerships with investors who share our long-term vision. Thanks to our cooperation withTRAIL» A new asset class will be developed in the Kingdom of Bahrain and the wider GCC region, reflecting our commitment to diversifying our investment portfolio. This partnership will also contribute to achieving sustainable returns in the long term and creating a tangible economic impact throughout the Kingdom.”
For his part, Xavier Marine, President of the company, said:TRAIL», saying: “The convergence between the sports, luxury, arts and music sectors opens promising investment horizons in the coming period, and a fund has been established.”SLAMTo take advantage of these opportunities. We are also pleased to conclude this strategic partnership with Mumtalakat, and we are fully confident of the great potential that the Gulf Cooperation Council region enjoys in these sectors.”
