Bahrain Telecommunication Company (Batelco)
Date of Establishment: 1982
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.