Bahrain Network (BNET) has signed a deal with Mazad, a portfolio firm of Bahrain Mumtalakat Holding Company, to organise and manage electronic auctions in collaboration with BNET, with the aim of selling BNET’s electronic devices.

This initiative aims to raise awareness about the value of reducing the carbon footprint of electronic waste and cut its negative impact on the climate.

Ahmed Jaber Aldoseri, CEO of BNET, commented: "Our partnership with Mazad reflects our firm's commitment to the principle of transparency in our practices and business operations, as well as the fact that the nature of auctions contributes to increasing interest and demand for the assets offered for sale."

Diversify portfolio

Talal Aref Alaraifi, CEO of Mazad, commented: "This agreement will enable us to diversify the portfolio of assets that we offer through our auction platform, and will support our growth to continue contributing to the national economy of the kingdom in line with Mumtalakat's strategy.”

These auctions are distinguished by the ease with which participants can register, bid, and award bids, ensuring that everyone has the same opportunity and experiences a trusted electronic auction platform.

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