Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, on Sunday appointed Marwa Khalid Al Saad as Chairman of the Board of Mazard, Mumtalakat’s local portfolio company.
According to a statement, Mazad was established in 2017 to oversee and monitor auctions in Bahrain.
Mumtalakat also named other members of the Mazad board. Among them are Tamim Salman Al-Mosawi, Hussein Ahmad Marzouk, Ahmed Hisham Al-Rawi, Hesham Ahmed Al-Saati, Nour Youssef Sharafi, and Zeyad Adel Darwish. Includes Mr.
Shaikh Abdullah bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, expressed his gratitude to the past members of the Board of Directors for their exceptional contributions and efforts. He also warmly welcomed the newly appointed Board of Directors and highlighted their deep expertise and knowledge that will prove essential in guiding Mazad towards realizing its expansion goals and implementing its strategic plan. did.
Based on its commitment to transparency, fairness, competitiveness and sustainability, Mazad continues to introduce new and innovative asset sales and auction mechanisms to enhance growth and sustainable returns, the statement said. It is said that there is
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