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Our Shareholder

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.

Message from the Shareholder

 

It gives me great pleasure to introduce Gulf Aviation Academy (GAA), a new addition to commercial aviation training in the MENA region and based in the Kingdom of Bahrain.

This pioneering initiative is owned by Bahrain Mumtalakat Holding Company, Bahrain’s premier investment firm, giving GAA a solid shareholder support and adding an important component to Bahrain’s deep-rooted aviation industry. In addition to GAA, Mumtalakat is also the owner of Bahrain’s national airline, Gulf Air, as well as Bahrain Airport Company.


GAA is set to become the region’s definitive gateway for advanced aviation training and development. The first academy of its kind in terms of scope and coverage, GAA was set up with a vision to raise the bar for the aviation industry in the MENA region, adding value through holistic training programmes and customized training products.

In our role of investing for Bahrain we are constantly seeking opportunities that will continue to diversify and grow the Kingdom’s economy, by backing initiatives that will create jobs for Bahraini’s and provide the potential to generate increasing financial returns. I have no doubt that the GAA will continue to grow from strength to strength over the coming years.

Talal Al Zain
CEO, Bahrain Mumtalakat Holding Company

 
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