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Newly Elected Board for Bahrain Food Holding Company Meets for First Time and Appoints New CEO

Date 20 May 24

Bahrain Food Holding Company “BFHC”, established under Bahrain Mumtalakat Holding Company “Mumtalakat”, the sovereign wealth fund of the Kingdom of Bahrain, recently held its inaugural board meeting to discuss the future goals and prospects of the company.

Having consolidated Mumtalakat’s food sector assets under this vehicle, this marks a major strategic milestone to facilitate future collaboration and integration prospects, whilst also harnessing Bahraini expertise in this field.

Basim Mohamed AlSaie, Chairman of BFHC, extended a warm welcome to the newly appointed board members, commending their pivotal role and diverse expertise spanning across various sectors, including the food industry. During the meeting, Sami Zainal was elected as Vice Chairman, and Wael Itani was named as the interim CEO of BFHC, while still serving as CEO of General Poultry Company (GPC).

The board established a detailed schedule for its upcoming meetings throughout the year which will include outlining its strategic priorities in the coming months in order to create a comprehensive strategy that will have a substantial impact over the near future and in the long term.

Chairman AlSaie expressed his enthusiasm about the prospects, highlighting the great opportunities that are currently available in the Kingdom of Bahrain as well as the wider region. AlSaie said: “We recognise the immense opportunities and are dedicated to directing our efforts strategically and executing them in line with a comprehensive plan that will serve the long-term national food security efforts of the Kingdom of Bahrain.”

BFHC is committed to optimising and integrating operations across its key companies including Bahrain Flour Mills, General Poultry, and Delmon Poultry, in line with the national food security efforts of the Kingdom of Bahrian. This includes promoting growth, expansion, and exploring opportunities for horizontal and vertical integration. Furthermore, BFHC will focus on investing in ventures and technologies that will streamline and improve food production, processing, and distribution in the Kingdom of Bahrain.