The Saudi Bahraini Investment Company (SBIC), a Public Investment Fund (PIF) company, has signed a new agreement with Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, to strengthen investment collaboration and unlock new opportunities across key strategic sectors in the Kingdom of Bahrain.
The agreement was announced in Manama during the fourth meeting of the Saudi-Bahraini Coordination Council, co-chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain.
Focused on establishing a joint investment program, the partnership aims to support projects that drive economic growth, address rising demand for goods and services, and strengthen private-sector participation in both markets. The program includes investments in high-potential companies as well as the development of new ventures.
The joint initiatives will target several strategic sectors, including technology, telecommunications, financial services, education, logistics, advanced construction materials, manufacturing, infrastructure, aerospace services, and real estate.
According to both entities, the agreement aligns with SBIC’s mandate to identify promising opportunities and build long-term strategic partnerships that deliver sustainable returns and contribute to economic advancement in Saudi Arabia and Bahrain. It also supports Mumtalakat’s mission to promote economic diversification, enhance local value creation, and expand job opportunities.
Established in 2022 under PIF’s regional investment strategy, SBIC operates from its office in Manama and works to empower private-sector growth across both markets.
This latest agreement follows an MoU signed in March 2024 between PIF and Mumtalakat, which laid the groundwork for expanding cooperation and exploring future investment opportunities.
About Mumtalakat:
Bahrain Mumtalakat Holding Company is the sovereign wealth fund of the Kingdom of Bahrain. With shareholdings in more than 50 companies across sectors such as manufacturing, real estate, tourism, logistics, technology, media, financial services, consumer goods, healthcare, and education, Mumtalakat is focused on achieving long-term, sustainable growth supported by strong governance and financial discipline.
For more information:
www.mumtalakat.bh
communications@mumtalakat.bh
