Bahrain Telecommunication Company (Batelco)
Top 100 Companies in the Middle East 2021

SR.No: 75

Bahrain Telecommunication Company (Batelco)

Sector: Telecommunications

Date of Establishment: 1982
Country: bahrain
CEO: Mikkel Vinter

Sales: $1 billion

Profits: $170 million

Assets: $2.7 billion

Market Value: $2.6 billion

Batelco is 36.6% owned by Bahrain’s sovereign wealth fund, Mumtalakat. Outside of Bahrain, the company has direct and indirect investments across 14 countries, including Jordan, the Maldives, Egypt, and Saudi Arabia. The company recently launched Bahrain’s largest commercial sector data center covering an area of over 12,000 square meters. In 2020, it announced 95% nationwide 5G coverage across Bahrain. It contributed $9.3 million to the country’s pandemic relief effort.