Bahrain Mumtalakat Holding Company Bsc 2021 AR2
The report outlines the financial and operational performance of Bahrain Mumtalakat Holding Company (Mumtalakat) for the fiscal year 2021. The company recorded its highest consolidated net profit since inception, reaching BD 329 million, rebounding from a net loss of BD 528 million in 2020. This robust recovery was primarily driven by the exceptional performance of Alba, which achieved record production and profit, alongside positive contributions from Batelco and National Bank of Bahrain. Mumtalakat also advanced its active ownership model, refreshed boards across key portfolio companies, and successfully migrated to new ERP systems to enhance operational efficiency.
Company: Bahrain Mumtalakat Holding Company Bsc
Country: Bahrain
Year: 2021
Type: AR2
Pages: 31
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Bahrain Mumtalakat Holding Company Bsc
Annual Report
The report outlines the financial and operational performance of Bahrain Mumtalakat Holding Company (Mumtalakat) for the fiscal year 2021. The company recorded its highest consolidated net profit since inception, reaching BD 329 million, rebounding from a net loss of BD 528 million in 2020. This robust recovery was primarily driven by the exceptional performance of Alba, which achieved record production and profit, alongside positive contributions from Batelco and National Bank of Bahrain. Mumtalakat also advanced its active ownership model, refreshed boards across key portfolio companies, and successfully migrated to new ERP systems to enhance operational efficiency.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees