Mumtalakat, the SWF of Bahrain, has announced its consolidated financial results for the year ended 31st December 2019, reflecting solid performance.
Global sales for Bahrain-backed McLaren Automotive, the British creator of luxury sportscars and supercars, rose to 4,806 cars in 2018 with sales up 43.9 per cent over the previous year.
Gulf Air Group Holding increased its ownership in Bahrain Airport Services, the ground handling services provider at Bahrain International Airport, to 44%.
Lockheed Martin received a $1.2 billion contract from the U.S. government to produce 16 new F-16 Block 70 aircraft for the Royal Bahraini Air Force.
Bahrain Mumtalakat Holding Company has appointed Amin Al Arrayed as the new chief executive officer of its unit Bahrain Real Estate Investment (Edamah).
The board of directors of Bahrain Flour Mills Company (Al-Matahin) has named Henry Wayne Craig as chief executive officer.
Al Salam Bank Bahrain has announced the appointment of Rafik Nayed, a former Deutsche Bank senior executive, as Group Chief Executive Officer.
Bahrain-based investment firm Arcapita has acquired a controlling interest in MC Sign Company, a provider of signage and lighting services in the United States, for a total transaction value in excess of USD 100 million.
A.M. Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of “bbb” to Solidarity Bahrain.