Bahrain Marina Development Company forms new board, appoints Mr. Reyadh Yousif Sater as Chairman

BAHRAIN – Bahrain Marina Development Company, the master developer behind the high-profile Bahrain Marina real estate and tourism project in central Manama, has announced the establishment of a new Board of Directors and the election of Mr. Reyadh Yousif Sater as Chairman.

This development marks a significant step in the company’s ongoing efforts to reinforce its governance structure and harness national expertise for the next stage of its ambitious project.

The newly constituted Board brings together a distinguished group of Bahraini professionals, each recognized for their leadership and sector experience.

Alongside Mr. Sater, the Board includes Ms. Sahar Rashid Al Mannai, Dr. Ahmed Abdulghani Al Shaikh, Mr. Mohammed Ali Al Bastaki, Mr. Yousif Abdulla Taqi, and Mr. Abdulla Ahmed Kamal.

The company has emphasized that this new formation reflects a strategic commitment to strengthening corporate governance and ensuring that Bahrain Marina’s development benefits from the insight and oversight of prominent national figures.

In parallel with the Board’s formation, Engineer Hisham Almoayyed has been named Acting Chief Executive Officer.

He will take on this new responsibility in addition to his ongoing role as Head of Project Development.

This dual appointment is intended to provide continuity in the execution of the project while also introducing fresh leadership at a pivotal moment in the company’s trajectory.

The Bahrain Marina project, situated at a prime waterfront location in Manama, is envisioned as a landmark destination blending residential, commercial, and leisure components.

As the development enters its next phase, the company’s renewed leadership structure is expected to play a critical role in guiding strategic decisions, fostering stakeholder confidence, and ensuring that the project aligns with Bahrain’s broader economic and tourism objectives.

By drawing on the collective expertise of its new Board and executive team, Bahrain Marina Development Company aims to accelerate progress on the project and reinforce its position as a key driver of urban transformation in the Kingdom.

The company’s leadership changes signal a renewed focus on governance, accountability, and the delivery of long-term value for both investors and the wider community.

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