Najibi as Vice Chairman of its Board of Directors.. The Omani Bahraini Investment Company holds its first meeting

Najibi: The company is a launchpad for achieving diverse and promising investment projects that support economic diversification.

Najibi: We are keen to identify a wide range of investment opportunities in the targeted economic sectors to serve the economies of the two countries.

Chairman of the Company’s Board of Directors: Establishing the Oman and Bahrain Investment Company will stimulate investment by providing investment opportunities for private sector companies.

Al-Nahari: The mechanisms for conducting feasibility studies have been crystallized, and the company will work to maximize the volume of investments and enhance trade exchange.

The first board meeting of the Oman and Bahrain Investment Company was held in the Omani capital, Muscat, yesterday morning, where His Excellency Mr. Saud bin Ahmed Al Nahari was named Chairman of the Company’s Board of Directors, and His Excellency Mr. Khalid bin Mohammed Najibi was named Vice Chairman.

During its meeting at the main headquarters of the Oman Chamber of Commerce and Industry, the founding general assembly of the Oman and Bahrain Investment Company approved the articles of incorporation and articles of association of the company, to which each of the Bahrain Chamber of Commerce and Industry shares 50% – and the Oman Chamber of Commerce and Industry 50%, in the presence of His Excellency Dr. Juma bin Ahmed Al Kaabi, Ambassador of the Kingdom of Bahrain to the Sultanate of Oman.

For his part, the First Deputy Chairman of the Board of Directors of the Bahrain Chamber of Commerce and Industry, Khaled Najibi, expressed his great happiness at the official announcement of the Bahraini Omani Investment Company, the articles of association of which were signed in Bahrain during the visit of His Majesty Sultan Haitham bin Tariq the Sultan of Oman to the Kingdom of Bahrain in response to a kind invitation from His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, stressing that it represents a new beginning towards achieving investment projects. It is promising to support the diversification of the national economy in the Kingdom of Bahrain and its sister Sultanate of Oman, in a way that enhances the increase in trade exchange rates and creates partnership opportunities for the private sector in both brotherly countries.

He explained that the company’s board of directors will work hard in its management to identify a group of promising investment opportunities in the targeted economic sectors in the Kingdom of Bahrain and the Sultanate of Oman and present them to the Bahraini Omani Investment Company, which will work in logistics projects, food security, industrial and tourism projects, and others, in a way that contributes to economic diversification efforts. And creating effective and fruitful partnerships between the business community in the two brotherly countries, noting that Bahraini and Omani economic and investment cooperation and integration is a model to be emulated at the global level. The region and an impetus for more such partnerships between the Gulf Cooperation Council countries in the interest of the growth, development and progress of the Gulf economies.

In turn, Saud bin Ahmed Al Nahari, a member of the Board of Directors of the Oman Chamber of Commerce and Industry and Chairman of the Company’s Board of Directors, said: “The establishment of the Oman and Bahrain Investment Company will work to stimulate bilateral investment between the two brotherly countries by providing investment opportunities for private sector companies between the two sides, which will contribute to strengthening relations.” The distinguished brotherly relationship between the two countries, and the growing cooperation between the Oman Chamber of Commerce and Industry and the Bahrain Chamber of Commerce and Industry.

He added that since the signing of the company’s memorandum of incorporation in 2022, the feasible sectors in which the company could enter have been discussed, in line with the visions of the two brotherly countries in achieving development trends and empowering the private sector in the two countries, as mechanisms for conducting feasibility studies were crystallized. The company will work to maximize the volume of investments and enhance trade exchange between the two brotherly countries, especially in food security and the logistics sector.

The meeting was attended from the Bahraini side by Mr. Bassem Mohammed Al-Sa’i, member of the Executive Office and member of the Board of Directors of the Bahrain Chamber, Mrs. Sawsan Abu Al-Hassan Mohammed, member of the Board of Directors, Mr. Nawaf Khaled Al-Zayani, member of the Board of Directors, and Mr. Atef Mohammed Al-Khaja, CEO of the Bahrain Chamber, and from the Omani side, Sheikh Saud. Bin Ahmed Al Nahari, Member of the Board of Directors of the Oman Chamber of Commerce and Industry, Mr. Anwar bin Hamad Al Sinani, and Mr. Saif bin Nasser Al Taiwani.