Baharain Mumtalakat Holding Company (Mumtalakat) has appointed Amin Al Arrayed, an real estate industry veteran, as the new chief executive of its unit Bahrain Real Estate Investment (Edamah).

Al Arrayed has extensive executive experience in real estate development, where he has led First Bahrain Real Estate Development Company since 2007 and contributed to the development of several successful real estate projects that have achieved significant returns and income.

Welcoming the appointment, Khalid Al Rumaihi, the chairman of Edamah, said: “We look forward to working together with the new CEO of Edamah to strengthen the investment environment in the real estate sector.”

Al Arrayed will take over the new role from August 1.

Before being appointed as CEO of First Bahrain Real Estate Development Company, Al Arrayed led a successful professional career as head of Retail and Placement in the founding team of Reef Real Estate Finance, where he managed real estate projects and acquisitions, and developed a strong income-generating portfolio.