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Mumtalakat Announces New Board of Directors for Mazad Featuring a Team of Skilled Bahraini Professionals

Date 28 Jan 24

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today the appointment of the following members to the Board of Directors of Mazad W.L.L. “Mazad”:

  • Marwa Khalid Al Saad - Chairman
  • Tameem Salman Almosawi - Member
  • Husain Ahmad Marzooq - Member
  • Ahmed Hisham Al Rawi - Member
  • Hesham Ahmed Al Saati - Member
  • Noor Yousef Sharafi - Member
  • Zeyad Adel Darwish - Member

H.E. Shaikh Abdulla bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, expressed his appreciation to the previous members of the Board of Directors for their exceptional contributions and efforts. Additionally, he extended a warm welcome to the newly appointed Board of Directors and underscored their profound expertise and knowledge that will prove indispensable in steering Mazad towards the realisation of its expansion goals and the implementation of its strategic plans.

Mazad, a local portfolio company of Mumtalakat, was founded in 2017 with the purpose of supervising and overseeing auctions within the Kingdom of Bahrain. Guided by its unwavering commitment to transparency, fairness, competitiveness, and sustainability, Mazad consistently introduces new and innovative asset sale and auction mechanisms to enhance its growth and sustainable returns.