Manama, Kingdom of Bahrain -4th June 2013: Bahrain Mumtalakat Holding Company ("Mumtalakat"), the investment arm of the Kingdom of Bahrain,has appointed Mr. Zulfe Ali as its new Chief Operating Officer.
Mr. Zulfe Ali joined Mumtalakat in June 2009 as Vice President Corporate Finance. His responsibilities have included defining and implementing Mumtalakat'scorporate finance and fundingstrategies, as well as managing Mumtalakat's portfolio of liquid investments. Mr. Ali has nearly 20 years of experience in the financial services industry in both asset management and investment banking. Prior to joining Mumtalakat, he worked in the Acquisition and Leveraged Finance group of JPMorgan in both London and New York. Before that, he worked at Bankof America as a member of the Institutional Equities team.
As the new Chief Operating Officer, Mr. Ali will be responsible for overseeing Mumtalakat's corporate functions, including Finance, Risk Management, Legal,Information Technology, and Corporate Finance.
Commenting on the appointment, Mr. Mahmood Hashim Al Kooheji, Chief Executive Officer of Mumtalakat said: "We are very pleased to appoint Zulfe Ali as Chief Operating Officer in Mumtalakat.Over the past four years, he has played a critical role in helping to establish Mumtalakat as a globally recognized and respected institution.His deep knowledge of Mumtalakat, his skillsets and his leadership qualities all combine to make him an ideal candidate to manage and lead the corporate functions of Mumtalakat."
Mr. Ali holds an MBA from Cornell University's Johnson School of Management and a Bachelor's degree in Mathematics from Carleton College in the U.S.
Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain's strategic non-oil and gas related assets. Mumtalakat was created to align and implement the execution of the government's initiatives to pursue value-enhancing opportunities, improve transparency and help achieve operational excellence for its state-owned assets. Mumtalakat holds stakes in over 35 commercial enterprises spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation, and food production.
For further information please contact:
Bahrain Mumtalakat Holding Company:
Direct: +973 1756 1178
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