Bahrain Family Leisure Company (BFLC) has appointed Mohamed Nedham Khonji as Chairman following the completion of its share swap reverse merger with Truffle Hospitality Holding W.L.L. The company also announced a new Board of Directors, marking the start of a new three year board term in accordance with Bahrain Commercial Companies Law and the company’s Articles of Association.
The new Board includes 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 Abdelghany Gadallah. The appointments follow Dividend Gate Capital (DGC) becoming the majority shareholder of BFLC after the reverse merger with Truffle Hospitality Holding.
Mohamed Nedham Khonji brings investment leadership experience
Khonji founded and leads Dividend Gate Capital, the Bahrain based private equity firm that became BFLC’s majority shareholder after the merger. He also serves on the boards of several hospitality, real estate and investment businesses, bringing extensive leadership experience across the GCC.
According to his professional profile, Khonji is a Board Member of The Food District Company, ALHOKAMA Eye Center, BAHCO Industrial Consultancy Co., LA CASA DE MK SPAIN 2016 SL and F&B Creations. Earlier in his career, he served as Executive Director of Investment at Abu Dhabi Investment House and was Board Member and Operations Director at Lagoon Real Estate Development. His background includes investment management, strategic planning and business development across multiple industries.
New Board to guide Bahrain Family Leisure Company growth
The newly appointed Board will oversee the next phase of Bahrain Family Leisure Company’s growth following the completion of the reverse merger. According to the company, the Board will focus on strengthening governance while supporting the continued expansion of the hospitality and entertainment group’s operations across Bahrain and the wider GCC.
Commenting on the appointment, Khonji said:
“The appointment of the new Board marks an important milestone for BFLC as we begin the next phase of our journey following the merger with Truffle. We are focused on strengthening the Company’s governance framework and creating sustainable long term value for our shareholders. We look forward to working closely with management to build on the strong foundation that has already been established.”
The Board also acknowledged the contributions of the outgoing directors and thanked them for their service during their tenure.
Merger expands hospitality portfolio
Following its merger with Truffle Hospitality Holding, Bahrain Family Leisure Company now operates as one of Bahrain’s largest listed hospitality and food and beverage groups. It manages a diversified portfolio of more than 20 brands across fast casual dining, upper casual dining, café concepts and a central kitchen.
SoleCorp manages the group’s finance, human resources, procurement and logistics through its centralised operating platform. BFLC uses the platform to improve operational efficiency and support future growth across Bahrain and the wider GCC.
Dividend Gate Capital, founded in 2017, invests across hospitality, healthcare, real estate, innovation and industrial sectors in the GCC. The appointment of Khonji as Chairman follows the firm’s acquisition of a majority stake in BFLC and aligns with the company’s next phase of governance, business development and regional expansion.
