Bahrain’s sovereign wealth fund takes full ownership of McLaren Group

Bahrain's sovereign wealth fund Mumtalakat has acquired full ownership of McLaren Group, a British supercar company.

Previously McLaren's largest shareholder, Mumtalakat now holds complete control over McLaren Automotive, the sports car manufacturer, and a majority share in McLaren Racing, the Formula 1 team.

This deal marks a significant milestone in McLaren's transformation journey, allowing them to focus on long-term plans, including investing in new products and technologies.

McLaren Group executive chairman Paul Walsh expresses delight at Mumtalakat's commitment, while Mumtalakat CEO Sheikh Abdulla bin Khalifa Al Khalifa emphasizes strategic growth opportunities.

Mumtalakat has been investing in McLaren since 2007, and this move aims to strengthen McLaren's financial position amid challenges, including losses due to the Covid-19 pandemic and supply chain disruptions.

In response, McLaren Group underwent restructuring and secured additional funding to navigate through financial difficulties.