To coincide with Gateway Gulf 2026: Mumtalakat and ARP Group partner to establish an AI-native wholesale bank in Bahrain

The story

Mumtalakat and ARP Group indicated that they plan to partner to establish an AI-native wholesale bank in Bahrain. The partnership was announced to coincide with Gateway Gulf 2026.

The new bank will operate as a wholesale bank focused on business-to-business transactions, with plans to provide business processes and payment services powered by AI technology. Bahrain is being considered as the location, subject to the local financial environment and regulatory compliance.

At a glance

Partnership participantsMumtalakat and ARP Group aim to establish the company through a joint partnership

NatureEstablish an AI-native wholesale bank

LocationBahrain

BackgroundAnnounced to coincide with Gateway Gulf 2026

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