Mubadala, Mumtalakat sign MoU

Business Bureau, Gulf Today

Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor with US $243 billion assets under management, and Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, today signed a Memorandum of Understanding (MoU) to facilitate strategic cooperation between the two institutions.

As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge and best practices to enhance their respective investment and operational capabilities.

Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO, said: “We are excited to collaborate with a likeminded institution, such as Mumtalakat, who share our commitment to building long-term, sustainable relationships. The agreement signed today will not only create a platform to enable us to explore mutually beneficial co-investment opportunities around the globe, but it will also facilitate knowledge sharing to strengthen our respective organisations’ investment platforms.”