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Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, signed a Memorandum of Understanding (MoU) on Tuesday to promote strategic cooperation between the two institutions.
As part of the memorandum of understanding, Mubadala and Mumtalakat will explore global co-investment opportunities. They will also exchange knowledge and best practices to enhance their investment and operational capabilities.
Waleed Al Mokarrab Al Muhairi, Deputy Chief Executive Officer of Mubadala Group, said: “We are delighted to work with like-minded organizations, such as Mumtalakat, who work with us to build long-term, sustainable relationships. The agreement signed today will not only We create a platform that allows us to explore mutually beneficial co-investment opportunities on a global scale and will also promote knowledge sharing to strengthen the investment platforms of our respective organizations.”
Khalid Al Rumaihi, CEO of Mumtalakat said: “Mumtalakat is committed to helping drive the economic transformation of the Kingdom of Bahrain by continuing to grow and increase the value of our portfolio. Our partnership with Mubadala not only strengthens our collective operating capabilities, It also strengthened historical ties, which supports our work in Bahrain’s economic transformation.”
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