Israel Fund Hires Ex-Chief Of Bahraini Wealth Fund

The former CEO of Bahrain’s sovereign wealth fund has signed on with an Israeli firm that invests in companies in the Middle East and North Africa to expand the footprint of Israeli technologies in the region, Middle East Eye reported.

Photo Insert: Talal al-Zain was named chief investment officer of Exigent Capital Group, which has offices in Jerusalem and Tel Aviv.

Talal al-Zain was named chief investment officer of Exigent Capital Group, which has offices in Jerusalem and Tel Aviv.

The company opened a new office in Manama, Bahrain, earlier this year to lead its Gulf expansion. It plans to deploy $500 million in middle market companies with a focus on health care, food security, energy, water, and education over the next two years.

The UAE, Morocco, and Bahrain established official relations with Israel in 2020 as part of the US-brokered Abraham Accords.

Military ties between Israel and Bahrain have boomed since the accords. Manama has sought training from Israel’s Mossad and Shin Bet intelligence services, while Israel has provided the Gulf country with drones and anti-drone systems.

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