Acquisitions in Bahrain

Tarabut, a regulated open banking platform operating across Bahrain, Saudi Arabia, and the UAE, acquired Servable.dev, a Bahrain-based full-stack AI engineering company serving regulated industries. Tarabut plans to integrate Servable’s enterprise AI engineering capabilities into its platform to expand from open banking connectivity into an AI-native financial infrastructure offering for banks and fintechs across MENA.

Paribu, Türkiye’s leading digital asset platform, has acquired CoinMENA, a leading MENA-region crypto exchange, in a transaction valuing CoinMENA at up to USD 240 million. The deal expands Paribu’s regulated footprint beyond Türkiye by adding CoinMENA’s licensed operations in Bahrain and Dubai, supporting Paribu’s compliance-driven regional growth strategy.

Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, made a strategic investment in BlueFive Capital. The size and financial terms of the stake were not disclosed, and the investment is intended to provide long-term institutional backing as BlueFive Capital continues its international expansion.

Arcapita Group Holdings and Bahrain Mumtalakat Holding Company sold their stake in NAS Neuron Health Services L.L.C., a GCC-based outsourced medical claims processing and third-party administrator (TPA) provider, to an unnamed US-based Fortune 500 company. The exit followed a three-year holding period in which Arcapita and Mumtalakat supported organic and inorganic growth initiatives, including the combination with Neuron LLC.