Mohamed Nedham Khonji has been appointed Chairman of Bahrain Family Leisure Company B.S.C. (BFLC), following the completion of a share-swap reverse merger with Truffle Hospitality Holding W.L.L. BFLC announced the appointment of its new Chairman and Board of Directors, stating that the changes take effect after the strategic merger. The appointments formalize the leadership structure of the combined entity, integrating the operations of both companies. This move follows the successful transaction that reshapes BFLC's corporate governance. The appointments follow the completion of the share-swap reverse merger between BFLC and Truffle Hospitality Holding W.L.L. A key moment for both entities. This strategic integration is designed to leverage the strengths of both organizations, enhancing their market position and operational efficiencies.
New Board Composition
The newly constituted Board of Bahrain Family Leisure Company B.S.C. Includes Mahmood Mohammed Ali as Vice Chairman. Non-Executive Directors appointed are Khaled Mohamed AlHammadi, Wissam Hussein, and Faisal Hassan AlJalahma. Additionally, Farooq Mohamed AlKhaja and Ayman Moussa Gadallah serve as Independent Directors. These appointments establish the leadership structure following the reverse merger with Truffle Hospitality Holding W.L.L. The Board is appointed for a three-year term, overseeing the company's strategic direction and operations during this period. This term is set to conclude on July 21, 2026, providing a clear mandate for the new leadership. The composition reflects a mix of executive, non-executive, and independent oversight for the merged entity, aiming to ensure strong governance and diverse perspectives in decision-making. The Board comprises Vice Chairman Mahmood Mohammed Ali, Non-Executive Directors Khaled Mohamed AlHammadi, Wissam Hussein and Faisal Hassan AlJalahma, together with Independent Directors Farooq Mohamed AlKhaja and Ayman Moussa Gadallah, forming a full leadership team.
Merger and Shareholder Changes
Dividend Gate Capital W.L.L. (DGC) emerged as the majority shareholder of the Company following the completion of the reverse merger. This strategic shift in ownership establishes DGC as the principal stakeholder in the newly structured entity. Bahrain Family Leisure Company B.S.C. (BFLC), a Bahraini public shareholding company, has been listed on Bahrain Bourse since its establishment in 1994. Its operations encompass a range of leisure and hospitality activities within the Kingdom. Dividend Gate Capital (DGC), the new majority shareholder, is a private equity firm based in Bahrain, which was established in 2017. The firm focuses on strategic investments, and its acquisition of a majority stake in BFLC marks a significant development for both entities. This change in shareholding structure is a direct outcome of the recently concluded reverse merger, altering the corporate landscape of BFLC. Following the merger, Dividend Gate Capital W.L.L. (DGC) officially became the majority shareholder of the Company, consolidating its influence over the strategic direction and operations of the combined entity.
Company Portfolio and Background
Bahrain Family Leisure Company B.S.C. (BFLC) maintains one of Bahrain's most extensive hospitality and entertainment portfolios. The Company operates one of Bahrain's largest hospitality and entertainment portfolios, comprising more than 20 distinct brands within the sector. These brands collectively represent a significant portion of the leisure and hospitality offerings available in Bahrain, reflecting BFLC's long-standing presence and strategic investments in the Kingdom's tourism and entertainment industries. The diverse portfolio allows BFLC to cater to a broad range of consumer preferences across various segments of the hospitality market. This extensive reach positions the company as a key player in Bahrain's economic landscape, particularly within its core sectors of leisure and entertainment. The scale of its portfolio shows the company's established market position prior to the recent corporate restructuring. Bahrain Family Leisure Company (BFLC) is a Bahraini public shareholding company listed on Bahrain Bourse, established in 1994, bringing decades of experience to its expanded operations.
Chairman's Statement
Mohamed Nedham Khonji has been appointed Chairman of the new Board, a key leadership change for Bahrain Family Leisure Company B.S.C. (BFLC). The appointment formally establishes the leadership following the company's reverse merger with Truffle Hospitality Holding W.L.L. This information, part of a broader announcement, was released amidst a busy news cycle. In the last 24 hours alone, 1,213 press releases were posted globally. The volume of corporate communications is substantial, with 263,249 press releases recorded over the past 365 days. The new leadership structure is now effective, with Mr. Khonji at the helm. There were 1,213 press releases posted in the last 24 hours, noting the dynamic environment in which this announcement was made. Similarly, the past 365 days saw 263,249 press releases, showing the constant flow of corporate news.
