CEO, Bahrain Mumtalakat Holding Company
Origin: Bahrain
Residence: Bahrain
Sector: Diversified
Leading the 11th largest sovereign wealth fund in the Middle East with more than $18bn in assets under management, Al Rumaihi has a career that spans more than three decades.
Under his guidance, Mumtalakat registered a record full-year net profit of BHD45.6m in 2021, while its revenues surged by 34 per cent to BHD2.2bn. He oversees Mumtalakat’s portfolio of more than 50 companies that comprises strategic investments, global asset management, local impact investments and government holdings. The state investor accounts for 18 per cent of Bahrain’s GDP and supports over 12,000 jobs. Al Rumaihi serves on the boards of several entities, including the Bahrain Economic Development Board, the National Bank of Bahrain, McLaren Group, the National Oil & Gas Authority and Arcapita. He also chairs the boards of Bahrain Real Estate Investment (Edamah) and the Bahrain Development Bank.