Bahrain’s first Business Angel Investing Company, Tenmou, has announced Aluminium Bahrain B.S.C. (Alba) and the Bahrain Development Bank (BDB) as sponsors for the ninth edition of the MENA Angel Investment Summit 2024.
Tenmou organizes the summit annually. It serves as a vital platform connecting investors with ambitious entrepreneurs, driving innovation and economic growth across the region.
Suhail Algosaibi, Chairman of Tenmou, expressed his gratitude for Alba and BDB’s generous support, emphasizing their commitment to strengthening the startup ecosystem and driving economic growth.
“We are pleased to welcome Alba and BDB as sponsors,” said Algosaibi. “Their participation underscores the importance of angel investment in nurturing the next generation of innovative businesses and reinforces Bahrain’s position as a regional hub for entrepreneurship. This support will play a pivotal role in achieving the summit’s objectives and broadening its impact by offering essential financial solutions to advance the entrepreneurial ecosystem in Bahrain and the region.”
Ali Al Baqali, CEO of Aluminium Bahrain B.S.C. (Alba), commented, ” As a key player in Bahrain’s economy, we are proud to support this Summit. By nurturing a vibrant ecosystem of angel investors, we aim to stimulate economic growth, create sustainable jobs and position Bahrain as a leading hub for innovation and entrepreneurship. This aligns well with Alba’s commitment to realizing the ambitious goals of Bahrain Economic Vision 2030.”
Ali Al Aradi, Chief Banking Officer at Bahrain Development Bank, affirmed the bank’s support for the “MENA Angel Investment Summit 2024,” emphasizing its unwavering commitment to backing all entrepreneurship-related activities in the Kingdom of Bahrain. He added, “The bank operates under a comprehensive strategy to foster innovation and promote an entrepreneurial culture within the Kingdom by providing initiatives and services aligned with Bahrain’s Economic Vision 2030. This, in turn, strengthens the Kingdom’s position as a leading destination for supporting startups on both a regional and international scale.”
Al Aradi further highlighted the vital role of angel investment in accelerating economic growth, as it enables entrepreneurs to obtain the necessary support to turn their ideas into tangible realities. He noted that through its support for this summit, Bahrain Development Bank aims to strengthen the culture of angel investing in Bahrain and encourage more investors to participate in financing startups, thereby contributing to job creation and achieving sustainable economic development in the Kingdom.The summit is expected to attract around 300 participants from Bahrain, the region, and beyond, including investors, startups, venture capital firms, family business owners, entrepreneurs, and professionals from various sectors. More than 20 tech startups will present their investment projects to a panel of investors and entrepreneurial experts.
Investors from the MENA region, tech startups looking to pitch their businesses, as well as entrepreneurs, students, and professionals interested in participating, can still register for the summit through the Tenmou website: www.tenmou.me.
