Bahrain’s first Business Angels Company Tenmou, has unveiled its newly constituted Board of Directors. 

 

The board will be chaired by Suhail Algosaibi, with Isa Al-Dosari serving as Vice Chairman. The board also includes Wassim Abu Hamad, Fahad Algosaibi, Dr Ameera Al-Mosali, Ali Al-Aradi representing Bahrain Development Bank, and Amin Sultan representing Alba.

 

Algosaibi conveyed his appreciation to the former board members for their exceptional contributions and their spirit of constructive collaboration, and extended his congratulations to the new board members, who bring a wealth of expertise to their new roles.

 

Remarkable achievements

He commented: "Tenmou has numerous remarkable achievements to its credit, positioning it as a leading Bahraini company and a pioneer in the field of business angels. Notably, the company successfully supported four Bahraini startups within record time, showcasing a successful model. This achievement reflects Tenmou's strategic approach in selecting promising opportunities presented by startups and its pioneering philosophy in assessing the market value and viability of these projects."

 

Algosaibi highlighted that the company's new strategy aims to invest in 20 startups within the modern technologies’ sector over the coming years. He emphasised that the new Board will focus on refining this strategy and adapting the company's business model to align with developments locally, regionally, and internationally. 

 

This will involve identifying emerging opportunities, investing in innovative and scalable ventures, and collaborating with investors to support and mentor value-added startups capable of generating employment opportunities.

 

Develop future plans 

Nawaf Al-Kooheji, CEO of Tenmou, said the company's executive team is fully prepared to implement the new Board of Directors' strategy and to develop future plans for various programmes and partnerships. The goal is to invest in companies with innovative brands that offer viable products or services with growth potential.

 

Tenmou aims to equip these companies with the expertise, skills, and knowledge necessary to ensure their growth and competitiveness, including the development of products and services, as well as operating and marketing models.

 

He said that since its establishment in 2011, Tenmou has invested in more than 30 startups and contributed to the creation of 200 jobs in the market. The company has also enabled startups to raise additional funding from local and regional investors, totalling an estimated $10 million. 

 

Tenmou will support and guide entrepreneurs with innovative projects, thereby creating greater opportunities for their success through the backing provided by its shareholders and the company team, he added.--TradeArabia News Service