Bahrain's sovereign fund backs private markets startup Tanami
What's the deal? Bahrain Mumtalakat HoldingDealroom has a profile for this one. Try Dealroom → Company, the Kingdom of Bahrain's sovereign wealth fund, has made a strategic early-stage investment in TanamiDealroom has a profile for this one. Try Dealroom →, a digital private markets investment platform. The deal was announced in Manama on November 3, 2026, on the sidelines of Gateway Gulf 2026. Terms were not disclosed.
What's the endgame? Tanami gives eligible investors access to private equity, private credit, real estate, and infrastructure opportunities managed by global asset managers. Founded in 2023 by Nawaf Almaskati and Faisal Aljalahma, it launched in Bahrain under the Central Bank of Bahrain and later entered Saudi Arabia after a Capital Market Authority license.
Why now? The investment builds on Tanami's win in the third edition of Mumtalakat's "Startup of the Year" competition. It also follows a September round backed by stc Group's tali venturesDealroom has a profile for this one. Try Dealroom →, Qatar Development BankDealroom has a profile for this one. Try Dealroom →, and 1818 Ventures, earmarked for expansion into Qatar.
What's the money for? Mumtalakat's backing will support Tanami's push into new markets and a broader product offering. The sovereign fund manages a diversified portfolio of more than 50 commercial enterprises across financial services, real estate, healthcare, telecommunications, and technology.
The signal: The deal adds a second sovereign-linked backer to Tanami and reflects the GCC's shift toward private market allocations and digital wealth tools. For Mumtalakat, it signals a move from passive capital to an active partner role, backing local companies as they scale across the region.
Read more: financetimesgazette.com
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