Thursday, Mar 22, 2012
DUBAI (Zawya Dow Jones)--Bahrain's Mumtalakat Holding Company, the country's sovereign wealth fund, has named Mahmood Al Kooheji as its new chief executive.
He replaces Talal Al Zain, who resigned last month to pursue a career in the private sector.
The new chief executive is "well placed to continue Mumtalakat's critical mandate of managing the Kingdom's strategic commercial assets in line with the aspirations of Bahrain's economy," Sheikh Khalid Bin Abdullah Al Khalifa, Bahrain's deputy prime minister and the chairman of Mumtalakat, said in an emailed statement.
Al Kooheji had been deputy chief executive of Mumtalakat between 2006 and last year, when he became chief executive of Tamkeen, a private-sector business development body.
Mumtalakat owns controlling stakes in some of Bahrain's highest-profile companies, including Gulf Air and Aluminium Bahrain. It also has stakes in National Bank of Bahrain and Bahrain Telecommunications Company.
As chairman of Aluminium Bahrain, Al Kooheji is one of several Mumtalakat representatives on its board of directors.
-By Asa Fitch, Dow Jones Newswires, +971 4 446-1685, asa.fitch@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
22-03-12 0934GMT
