As we are mandated to grow the wealth of Bahrain, it is important for us to be accountable in our day-to-day activities. The role of our legal and risk teams involves providing the core support and legal advice needed for our operations whilst mitigating risks.
Key milestones in 2017:
2017 was a great success for Mumtalakat. The professionalism and expertise of the legal team enabled the organisation to conclude a larger number of investments of greater value during the year with a reduction on professional legal costs.
We continued to build our in-house capabilities and enhance our professional expertise, which ultimately resulted in cost reductions. This reflects the calibre of our team which is led by our General Counsel who was named for the second time on The Legal 500’s GC Powerlist: Middle East 2017.
In addition, regional law journal, The Oath Magazine, presented three legal opinion articles by our General Counsel. These included the topics of emotional intelligence in the law; the importance of commercial awareness for legal professionals, and a commentary on whether contemporary legal education sufficiently equips legal professionals in the Arabian Gulf.