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Suhail Algosaibi named the new Chairman of Tenmou

July 17, 2021
banking

“Tenmou” Bahrain’s first Business Angels Company announced the appointment of its new board of directors chaired by Mr. Suhail Ghazi Algosaibi and Isa Aldoseri as Vice Chairman of the Board, and the membership of Abdulhussein Dawani, Ali Albaqali, Waseem Abu Hammad and Fahd Algosaibi.

The Chairman of “Tenmou” extended his thanks and appreciation to the former Chairman, Mr. Sami Mohamed Jalal, and the members of the Board, for their productive efforts over the past ten years as “Tenmou” has invested, since its inception in 2011, about $ 1.5 million in 25 start-ups operating in various fields, including technology and companies that are expected to have promising future.

Mr. Suhail Algosaibi stated that the new board will work on developing the strategy of Tenmou and adapting its business model to local, regional and international developments, by exploring emerging opportunities, entering into investments characterized by creativity and scalability, and cooperating with investors to support start-ups with growth potentials.

“Tenmou” is keen to boost cooperation with all partners, including Hope Fund, the Economic Development Board, the Labor Fund “Tamkeen”, the Ministry of Commerce, Industry and Tourism, and the Bahrain Chamber of Commerce and Industry, to achieve common goals in supporting innovative entrepreneurs and start-ups within the framework of the Kingdom’s economic vision 2030” Mr. Algosaibi added.

Mr. Nawaf AlKoheji, CEO of “Tenmou”, affirmed that the company’s executive body is fully prepared to move forward in implementing the strategy of the new board, and to provide guidance and funding opportunities to high potential, innovative Bahrain-based companies that have viable products or services and focus on technology. Adding that “Tenmou” aims to give entrepreneurs who have innovative projects a greater opportunity to succeed and develop their business.

“We look forward to developing our cooperation with start-ups who have innovative projects, and provide them with a greater opportunity to succeed through the support and guidance provided by shareholders, all of whom are prominent businessmen.” Mr. AlKoheji added.

It is noteworthy that “Tenmou” launched in the Kingdom of Bahrain in the year 2011 with a capital of $ 2.6 million provided by 16 investors from individuals and several entities in the Kingdom of Bahrain, and focus on supporting entrepreneurs by providing them with quality business assistance including financial investment, supervision, advice, and guidance.

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