Summary:

Established in June 2006 by Royal Decree as an independent holding company for the government of Bahrain’s strategic non-oil and gas related assets, Bahrain Mumtalakat Holding Company is the chief investment division of the government of Bahrain. The primary funding source of wealth comes from oil. Currently, their investment portfolio is heavily weighted into the local Bahrain economy in a number of industries ranging from real estate to telecommunications.

The fund is primarily made up of state owned enterprises such as Gulf Air, Bahrain Real Estate Company (Edamah), and the General Poultry Company. They are in the process of diversifying their investment portfolio.
Governance:

Portfolio companies must operate in compliance with the Bahrain Code of Corporate Governance. The main purpose of the Code is to define the relationship between the board of directors, the managers, and the shareholders of a company to ensure transparency, accountability, fairness and responsibility in firms of all sizes.

http://www.bmhc.bh

Source: http://www.swfinstitute.org