Home lists Top 100 most powerful Arabs 2022 Khalid Al Rumaihi CEO, Mumtalakat Origin: Bahrain Residence: Bahrain Sector: Finance Among the most influential figures steering the kingdom’s economy, apart from being the CEO of the country’s sovereign wealth fund, Mumtalakat, Al Rumaihi is also on the boards of its most prominent financial institutions, including the Bahrain Development Bank and the Bahrain Real Estate Investment Company, besides being the former managing director at Investcorp. As the kingdom targets a 5 per cent increase in its non-oil economic sector this year, Al Rumaihi will likely make a concerted effort to diversify and expand the wealth fund’s global portfolio, which manages assets of approximately $18.9bn in 13 countries.