ZAWYA-PRESSR: Bahrain Family Leisure Company appoints new Chairman following Truffle reverse merger
Manama, Bahrain – Bahrain Family Leisure Company B.S.C. (BFLC) (Bahrain Bourse: FAMILY) a public shareholding company listed on Bahrain Bourse, announced the appointment of its new Chairman and Board of Directors.
The new Board will be chaired by Mohamed Nedham Khonji. The Board also comprises Vice Chairman Mahmood Mohammed Ali and 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 Board is appointed for a three-year term in accordance with the Bahrain Commercial Companies Law and the Company’s Articles of Association.
The appointments follow the completion of the share-swap reverse merger between BFLC and Truffle Hospitality Holding W.L.L., the hospitality and entertainment subsidiary of Dividend Gate Capital W.L.L. (DGC), pursuant to which DGC became the majority shareholder of the Company.
The Board extended its appreciation to the outgoing Directors, recognising their dedicated service and valued contributions throughout their tenure.
The new Board will oversee the next phase of the Company’s growth, building on its position as one of Bahrain’s largest listed hospitality and entertainment groups and supporting the continued expansion of its portfolio across Bahrain and the wider GCC.
Commenting on the appointment, Mohamed Nedham Khonji, Chairman of BFLC and Founder and Managing Director of DGC, 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 Company’s portfolio comprises more than 20 brands, spanning fast-casual and upper-casual dining, café concepts and a central kitchen. These operations are supported by SoleCorp, the Group’s centralised operating platform, which manages finance, human resources, procurement and logistics to drive operational efficiency and scalable growth.
Media contact:
Amy Vaya
Email: amy@truffleholding.com
About Bahrain Family Leisure Company (BFLC)
Bahrain Family Leisure Company (BFLC) is a Bahraini public shareholding company listed on Bahrain Bourse, established in 1994 and registered with the Ministry of Industry and Commerce in the Kingdom of Bahrain. Following its merger with Truffle Hospitality Holding, the Company has become one of Bahrain's largest listed hospitality and food and beverage groups, managing a diversified portfolio of more than 20 brands across multiple dining segments. Supported by SoleCorp, its centralised operating platform, BFLC is focused on driving operational excellence, developing innovative hospitality concepts and pursuing sustainable growth across Bahrain and the wider GCC.
About Dividend Gate Capital
Dividend Gate Capital (DGC) is a Bahrain-based private equity firm investing in a diverse range of sectors within the GCC, with a growing presence internationally. Since its establishment in 2017, DGC has been dedicated to fostering growth and opportunity through an investment strategy focused on innovation. Its portfolio includes significant investments in high-potential companies in healthcare, hospitality, real estate, innovation, and industry. This diversified approach aims to create sustainable, long-term value for partners and stakeholders.
This announcement is issued in accordance with the disclosure requirements of Bahrain Bourse and the Capital Markets Supervision Directorate of the Central Bank of Bahrain.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.