Bahrain’s first Business Angels Company “Tenmou”, has unveiled its newly constituted Board of Directors. The board will be chaired by Mr. Suhail Algosaibi, with Mr. Isa Al-Dosari serving as Vice Chairman. The board also includes Mr. Wassim Abu Hamad, Mr. Fahad Algosaibi, Dr. Ameera Al-Mosali, Mr. Ali Al-Aradi representing Bahrain Development Bank, and Mr. Amin Sultan representing Alba.
Mr. Suhail Algosaibi, Chairman of the Board, conveyed his heartfelt thanks and appreciation to the former board members for their exceptional contributions and their spirit of constructive collaboration during their tenure, and extended his congratulations to the new board members, commending the wealth of expertise they bring to their new roles.
Mr. Suhail Algosaibi commented, “Tenmou has accomplished numerous remarkable achievements recently, positioning it as a leading Bahraini company and a pioneer in the field of business angels. Notably, the company successfully supported four Bahraini startups within record time, showcasing a successful model. This achievement reflects Tenmou’s strategic approach in selecting promising opportunities presented by startups and its pioneering philosophy in assessing the market value and viability of these projects.”
Mr. Suhail Algosaibi highlighted that the company’s ambitious new strategy aims to invest in 20 startups within the modern technologies sector over the coming years, and emphasized that the new Board will focus on refining this strategy and adapting the company’s business model to align with developments locally, regionally, and internationally.
This will involve identifying emerging opportunities, investing in innovative and scalable ventures, and collaborating with investors to support and mentor value-added startups capable of generating employment opportunities.
Mr. Nawaf Al-Kooheji, CEO of Tenmou, stated that the company’s executive team is fully prepared to implement the new Board of Directors’ strategy and to develop future plans for various programs and partnerships. The goal is to invest in companies with innovative brands that offer viable products or services with growth potential.
Tenmou aims to equip these companies with the expertise, skills, and knowledge necessary to ensure their growth and competitiveness, including the development of products and services, as well as operating and marketing models.
emphasized that since its establishment in 2011, Tenmou has invested in more than 30 startups and contributed to the creation of 200 jobs in the market. The company has also enabled startups to raise additional funding from local and regional investors, totaling an estimated 10 million USD.
Furthermore, Mr. Al-Kooheji expressed his aspirations to further enhance Tenmou’s work in the coming period by supporting and guiding entrepreneurs with innovative projects, thereby creating greater opportunities for their success through the support provided by shareholders and company team.
