Dividend Gate Capital (DGC), a newly-formed private equity company, has appointed Talal Al Zain, a renowned name in Bahrain’s banking and financial sector, as the first chairman of its board of directors.

Al Zain is a graduate of Mercer University and an attendee of Harvard Business School’s Management Development Programme. The former CEO of Bahrain’s sovereign wealth fund Mumtalakat brings strategic insight into the investment potential within Bahrain’s SMEs, said a statement from DGC.

Al Zain’s illustrious career includes very senior positions held with PineBridge Investments, Investcorp, and Chase Manhattan Bank, it added.

DGC targets opportunities with businesses operating in sectors such as F&B (food and beverages) construction services, industrial, e-commerce and financial technology (FinTech).

This distinctive approach aims to build growth in these sectors for the equity group as well as the companies that they are working with.

On the appointment, Al Zain said: "DGC is an exciting new private equity investment company for Bahrain and it is an honour to be chosen, by a very accomplished board of directors, to be the first chairman of the company."

"This is the start of a journey that will create wealth not only in monetary terms but through expertise for all those involved in DGC. It is inspiring for all of us to be part of a vision that will create added value for the kingdom’s small and medium enterprises by utilizing the practical commercial expertise and knowledge of experts who are either directly or indirectly part of the company," he added.-TradeArabia News Service