Mumtalakat, Bahrain's sovereign wealth fund, posted a record BHD 592.7M profit in 2025. See its McLaren stake, Alba holding, leaders and Israel links.
Mumtalakat is the sovereign wealth fund of the Kingdom of Bahrain. It reported a record net profit of BHD 592.7 million for 2025, up from BHD 316.5 million in 2024, on revenue of BHD 2.5 billion, according to its press release. It is the majority shareholder of McLaren, which it owns with Abu Dhabi's CYVN Holdings, and holds 69% of Aluminium Bahrain.
What is Mumtalakat at a glance?
| Item | Detail | Source |
|---|---|---|
| Type | Sovereign wealth fund of the Kingdom of Bahrain | Mumtalakat |
| Chairman | Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy | Mumtalakat |
| CEO | Shaikh Abdulla bin Khalifa Al Khalifa | Gulf Daily News |
| 2025 net profit | BHD 592.7 million, about $1.58 billion | TradeArabia |
| 2025 revenue | BHD 2.5 billion, up from BHD 2.2 billion | Mumtalakat |
| Main holdings | Aluminium Bahrain (Alba), National Bank of Bahrain, Beyon, McLaren | Mumtalakat, AGBI |
How did Mumtalakat perform in 2025?
Mumtalakat's net profit attributable to its shareholder nearly doubled in 2025, driven by higher revenue and fair-value gains on its McLaren Racing investment, according to Mumtalakat. AGBI reported the increase at 87%.
Aluminium Bahrain earned a net profit of BHD 218.7 million in 2025, up from BHD 184.5 million, on higher aluminium prices and a record 1.62 million tonnes of output, per the same press release. AGBI reported that Mumtalakat owns 69% of Alba. The National Bank of Bahrain and Beyon, the telecoms group, also reported strong results.
Does Mumtalakat own McLaren?
Mumtalakat is the majority shareholder of McLaren, which it owns together with Abu Dhabi's CYVN Holdings, according to AGBI. In September 2025 the two took full ownership of the British racing team, and CYVN holds a non-controlling stake.
Reported values differ. AGBI put the September 2025 deal at $5 billion, while QuiFinanza valued McLaren Racing at about $4.1 billion for the final 30%. RacingNews365 reported that the McLaren F1 team posted a £17.3 million loss after tax in 2025 on £588 million of turnover.
Does Mumtalakat invest in Israel?
Olam found no source documenting Mumtalakat investing in Israeli companies, although Bahrain and Israel have official relations under the Abraham Accords. Olam's page on Bahrain-Israel financial ties covers the trade figures and the 2023 agreements.
For other Gulf funds, see Mubadala, L'IMAD, the Qatar Investment Authority and the Public Investment Fund, or the overview of sovereign capital.
Mumtalakat FAQ
What is Mumtalakat?
Mumtalakat is the sovereign wealth fund of the Kingdom of Bahrain, according to its own results release.
How much profit did Mumtalakat make in 2025?
Mumtalakat reported a record net profit of BHD 592.7 million for 2025, compared with BHD 316.5 million in 2024.
Who owns McLaren?
Mumtalakat is the majority shareholder, and Abu Dhabi's CYVN Holdings holds a non-controlling stake, according to AGBI.
Who runs Mumtalakat?
Shaikh Salman bin Khalifa Al Khalifa chairs Mumtalakat, and Shaikh Abdulla bin Khalifa Al Khalifa is the chief executive, according to Mumtalakat and Gulf Daily News.
Related Olam coverage: Bahrain-Israel financial ties.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
