Abu Dhabi carrier welcomed over 1.4 million passengers last month
Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, Tuesday signed a Memorandum of Understanding (MoU) to facilitate strategic cooperation between the two institutions.
As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge and best practices to enhance their respective investment and operational capabilities.
Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO, said, "We are excited to collaborate with a likeminded institution, such as Mumtalakat, who share our commitment to building long-term, sustainable relationships. The agreement signed today will not only create a platform to enable us to explore mutually beneficial co-investment opportunities around the globe, but it will also facilitate knowledge sharing to strengthen our respective organisations’ investment platforms."
Khalid Al Rumaihi, Mumtalakat's CEO, said, "Mumtalakat is committed to helping drive the economic transformation of the Kingdom of Bahrain by continuing to grow and add value to our portfolio. Our partnership with Mubadala not only strengthens our collective operational capacity but also bolsters historical ties, which supports our work in transforming the Bahraini economy."
business@khaleejtimes.com
Abu Dhabi carrier welcomed over 1.4 million passengers last month
ACT is accepted by all US colleges and universities
With major roads impassable due to floods, supply chains in some communities have taken a hit
The problem extends beyond the water shortage, electricity has also been cut off – so building lifts are no longer functioning
The safety of passengers, restoring operations to normal, and mitigating the effects of the crisis on travellers at the airport, have been their priorities
Leaders have emphasised that the safety of the people is their top priority.
Profit attributable to shareholders stood at Dh1.13 billion on December 31, 2023
Facility is the first of its kind raised by a Shariah-compliant financial institution