TechFlow news — On October 2, Mumtalakat, Bahrain's sovereign wealth fund, and Whampoa Group, a private investment company based in Singapore, announced the joint launch of a digital bank: Singapore Gulf Bank (SGB), appointing Ali AlShamma as Chief Financial Officer (CFO) and Elaine Leong as Chief Operating Officer (COO).
SGB is the first fully licensed digital bank in Bahrain, serving global investors, innovators, and institutions. The bank is expected to commence operations in November 2024.
Whampoa Group is a privately held investment firm backed by Singapore’s Lee family through the Whampoa Group.




