The board discussed several organizational matters, including the formation of committees, the appointment of signatories, and their respective authorities. They also addressed the establishment of the executive management team and set priorities for corporate governance. The meeting also focused on developing a comprehensive action and investment plan to achieve the company's goals, particularly in fostering joint projects between Bahrain and Oman in collaboration with the private sector.
The founding general assembly of the Oman-Bahrain Investment Company also convened at the headquarters of Oman Chamber of Commerce and Industry, in the presence ofwhere they approved the incorporation contract and bylaws. The company is jointly owned by the Bahrain Chamber of Commerce and Industry and the Oman Chamber of Commerce and Industry, each holding a 50% stake. The assembly also ratified the founders' report and pre-establishment expenses, as well as formed the company’s board of directors and appointed an auditor.
Speaking on this occasion Najibi expressed his great happiness at the official launch of the Oman-Bahrain Investment Company, which was established during the visit of His Majesty Sultan Haitham bin Tariq to Bahrain, following an invitation from His Majesty King Hamad bin Isa Al Khalifa. He emphasized that this marks a new beginning for promising investment projects that support the diversification of the national economy in both Bahrain and Oman, enhancing trade exchange and creating partnership opportunities for the private sector.
He noted that the board will immediately begin identifying a range of promising investment opportunities in targeted economic sectors in both countries, presenting these to the Oman-Bahrain Investment Company, which plans to invest BHD 9.8 million in various projects, particularly in logistics, food security, and industrial and tourism ventures.
For his part Al-Nahari, stated that the establishment of the Oman-Bahrain Investment Company will activate bilateral investment between our two countries by providing investment opportunities for private sector companies on both sides, which will contribute to strengthening the fraternal relations between Bahrain and Oman, as well as the growing cooperation between the two chambers of commerce.
He added that since the signing of the company's establishment memorandum in 2022, discussions have focused on viable sectors for the company’s entry, aligning with the developmental visions of both nations to empower their private sectors. Mechanisms for conducting feasibility studies have also been developed.
The meeting was held in the presence of Bahrain Chamber’s First Vice Chairman Khalid Najibi, Executive Office Member and Board Member, Bassem Mohammed Al-Saei, board members Susan Abu Al-Hassan, Nawaf Khalid Al-Zayani, and CEO Atef Al Khaja, Bahrain’s Ambassador to Oman Jumaa Al Kaabi, and from the Omani side, board member of Oman Chamber of Commerce and Industry, Sheikh Saud bin Ahmed Al-Nahari, along with Anwar bin Hamad Al-Sinani and Saif bin Nasser Al-Tiywani.
AE