Abu Dhabi business takes controlling stake in McLaren from Bahrain sovereign wealth fund
Mumtalakat
Latest in Mumtalakat
Bahrain
Bahrain eyes UK student housing investment
Bahrain’s Mumtalakat and Investcorp explore potential partnership in UK student housing
Bahrain Mumtalakat Holding
Bahrain buys up prized McLaren car collection amid $123m cash boost
Bahrain’s sovereign wealth fund has snapped up cars from Mclaren’s prized heritage collection
automotive industry
McLaren gets $760 million from investors including Saudi PIF
McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic that has delayed the Formula 1 racing series and forced it to halt automotive production
American University of Bahrain
First American-style university set to open in Bahrain
American University of Bahrain will be located in Riffa and has been designed to cater for up to 4,000 students
Bahrain Economic Development Board
Bahrain’s sovereign wealth fund appoints new CEO
Bahrain Mumtalakat Holding Company announces appointment of Khalid Al Rumaihi as CEO
Blackstone
Consortium completes exit from GEMS Education investments
Sale completed of around 30% stake in Dubai education giant to consortium led by CVC Capital Partners
CVC Capital Partners
Consortium agrees to buy 30% stake in Dubai’s GEMS Education
Funds advised by CVC Capital Partners have led a consortium to acquire minority stake in Dubai education provider
McLaren
McLaren backs driver-friendly GT model as rivals embrace SUVs
The $204,000 car establishes a new category for McLaren as it targets a 25% jump in annual sales
Bahrain economy
Bahrain wealth fund sees big drop in net profit in 2018
Bahrain Mumtalakat Holding Company posts drop in profit to $148m despite 38% rise in revenue
Bahrain sovereign wealth fund
Bahrain’s Mumtalakat open to McLaren IPO, despite Brexit uncertainty
Mumtalakat’s Mahmood Al Kooheji said turning a profit at Gulf Air isn’t a priority
Bahrain Merida
McLaren acquires 50% stake in Team Bahrain Merida
Bahrain’s Mumtalakat sovereign wealth fund has a majority stake in McLaren Group
Bahrain's sovereign wealth fund
Bahrain’s Mumtalakat inks deal to acquire US office buildings
Sovereign wealth fund of Bahrain announces acquisition of office buildings in Charlotte, North Carolina
Alba
Bahrain’s sovereign wealth fund sees assets jump to $15.4bn
Bahrain Mumtalakat Holding Company says rise in value due to gains from consolidation of McLaren and Alba’s Line 6 project
Bahrain
First Bahrain announces appointment of new acting CEO
Developer, which owns or holds rights to over 1,000,000 square feet of land in Bahrain, picks chairman as acting CEO
Blackstone
Dubai’s GEMS said to delay IPO amid freeze on school fees
Sources say school operator is studying the potential impact on its earnings projections following a decision to keep private school fees unchanged for a year
Amazon Web Services
Bahrain’s SWF first to migrate IT to Amazon Web Services cloud
Mumtalakat eyes 50% reduction in costs as it closes its onsite and offsite data centres in Gulf kingdom