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Al Zain steps down as Mumtalakat Holding CEO

Talal Al Zain former CEO of Mumtalakat Holding Co

The board of directors of Bahrain Mumtalakat Holding Company (Mumtalakat),Bahrain’s Sovereign Wealth Fund, has accepted the resignation of the Chief Executive Officer, Talal Al Zain, following the completion of a four year term as head of the investment arm for non-oil and gas assets of the Kingdom of Bahrain.

“Today we thank Talal Al Zain for his contribution to Mumtalakat. He has been a founding member of the institution, and leaves behind a strong team capable of continuing the steady strides undertaken over the past five years,” Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister and Chairman of Mumtalakat said.

“I take this opportunity to thank His Majesty King Hamad bin Isa Al Khalifa for his leadership, His Royal Highness the Prime Minister Khalifa bin Salman Al Khalifa for his guidance, and His Royal Highness the Crown Prince Salman bin Hamad Al Khalifa for his trust, confidence and counsel. I am grateful to Shaikh Khalid bin Abdulla al-Khalifa, Chairman of the Board and the rest of the board for the unstinting support given to me during my time at Mumtalakat,” Talal Al Zain, said.

“With a strong management team, dedicated to growing the wealth of Bahrain, Mumtalakat is highly respected by the international financial community. The strides it has taken are a source of immense pride and I am now looking forward to moving back to the private sector to directly pursue the exciting opportunities to grow the financial links between Bahrain, the Middle East and Asia.”

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Posted by on Feb 27 2012. Filed under Bahrain News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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