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Bahrain – Tamkeen has signed a brand new strategic co-operation settlement with the American Industrial Acquisition Company (AIAC).
A specialist in firm turnaround, mergers and acquisitions, and bettering non-performing enterprises, AIAC additionally permits enterprises which might be performing under their full potential.
AIAC brings a long time of turnaround experience and can present advisory help as a part of Tamkeen’s just lately launched ‘Enterprise Turnaround’ programme.
Its intention to empower enterprises to remodel their enterprise fashions in response to main organisational, market, know-how and monetary challenges and alternatives.
‘Enterprise Turnaround’ is amongst 16 programmes, launched by Tamkeen as a part of an organisation-wide strategic transformation plan which focuses on creating higher influence for the nationwide financial system in response to market wants.
Husain Rajab, chief government of Tamkeen emphasised the organisation’s dedication to empowering enterprises in Bahrain and serving to them grow to be key contributors to the nationwide financial system.
He mentioned: “The impact of supporting productiveness and sustainability of personal sector enterprises will generate optimistic influence for the nationwide financial system, additional driving the nationwide priorities outlined within the authorities’s financial restoration plan.”
The American Industrial Acquisition Company boasts over twenty years of expertise in turning round enterprises and enabling them to outlive and thrive.
They’re practitioners skilled in evaluating underperforming companies and growing methods tailor-made to their must enhancing productiveness and success.
Additionally commenting on this initiative, Peter Graham, managing director and COO, Asia of AIAC, mentioned “We’re very impressed with the strategic imaginative and prescient of Bahrain’s authorities and the mandate of Tamkeen to empower Bahraini people and personal sector enterprises. It’s a nice initiative by Tamkeen to tailor programmes and construct partnerships for enterprises in all sizes and thru all their growth phases.”
Earlier this 12 months Tamkeen launched into a strategic transformation journey that encompassed the complete group and resulted within the launch of a line-up of objective-driven help programmes and a clear and enhanced evaluation course of. The brand new programmes had been developed following a sequence of session periods with representatives from numerous sectors and thus cater to the market necessities.
The transformation initiative focuses on creating higher influence for the nationwide financial system in response to market wants. Tamkeen will proceed to launch programmes and initiatives that serve its most important mandate of empowering Bahrainis to grow to be the primary selection of employment and enabling non-public sector enterprises to be key drivers of financial progress.
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