Mumtalakat contributes $26mln to combat Covid-19 pandemic

PHOTO

Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom, has contributed of BD9.91 million ($26 million) for the "FeenaKhair" campaign to combat Covid-19 through its wholly owned companies, subsidiaries and associates.

Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister, Chairman of Mumtalakat, stated that as part of Mumtalakat’s responsibility towards the community, it supports all national efforts to combat the Coronavirus and prevent its outbreak in line with the directives of His Majesty King Hamad bin Isa Al Khalifa, and the relentless endeavours undertaken by the government headed by His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa, and the tireless follow-up and constant personal attention that His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister.

Shaikh Khalid added: ‘Mumtalakat’s support to FeenaKhair campaign that is considered one of the most successful initiatives launched by HH Shaikh Nasser bin Hamad Al Khalifa, Representative of HM the King for Humanitarian and Youth Affairs, National Security Advisor and Chairman of the Board of Trustees of the Royal Humanitarian Foundation, is a confirmation of Mumtalakat’s commitment to the principle of social responsibility and readiness to contribute effectively to the Kingdom of Bahrain efforts towards achieving sustainable development under the leadership and wise guidance of His Majesty the King..”

Mumtalakat’s subsidiaries and associates that announced their support to the "FeenaKhair" campaign include Aluminium Bahrain (Alba), which contributed BD3.5 million, Batelco with BD3.5 million, the National Bank of Bahrain (NBB) with BD2.5 million, Gulf Hotels Group in the amount of BD200 thousand, Bahrain Airport Services Company in the amount of BD100,000 Bahrain Real Estate Investment Company "Edamah" in the amount of BD100,000 and the Bahrain Institute for Pearls and Gemstones "Danat" at an amount of BD10,000.- TradeArabia News Service

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.