Bahrain Family Leisure Company Enters a New Expansion Era Following Reverse Merger With Truffle Hospitality as New Board Leadership Targets Sustainable Growth, Operational Excellence and Regional F&B Growth Across the GCC

Bahrain Family Leisure Company B.S.C. (BFLC) has entered a new chapter of development following the completion of its reverse merger with Truffle Hospitality Holding W.L.L., positioning the listed company for a renewed focus on Hospitality, operational efficiency and F&B expansion across Bahrain and the wider GCC region.

The transition has been marked by the appointment of a new Board of Directors, which has been established to guide the company through its next phase of growth. The leadership changes have followed the merger agreement through which Dividend Gate Capital W.L.L. became the majority shareholder of BFLC.

The newly structured Board is expected to oversee the company’s strategic direction while strengthening governance practices and supporting the continued development of one of Bahrain’s largest listed hospitality and entertainment groups.

New Leadership Structure Strengthens Bahrain Hospitality Strategy

A new leadership framework has been introduced at BFLC following the completion of the share-swap reverse merger with Truffle Hospitality Holding. Mohamed Nedham Khonji has been appointed Chairman of the Board, while Mahmood Mohammed Ali has taken the role of Vice Chairman.

The Board has also been formed with a combination of Non-Executive and Independent Directors. Khaled Mohamed AlHammadi, Wissam Hussein and Faisal Hassan AlJalahma have joined as Non-Executive Directors, while Farooq Mohamed AlKhaja and Ayman Moussa Abdelghany Gadallah have been appointed as Independent Directors.

The appointments have been made for a three-year term in accordance with Bahrain’s Commercial Companies Law and the company’s Articles of Association.

The leadership transition has followed the completion of the merger between BFLC and Truffle Hospitality Holding, the hospitality and entertainment subsidiary of Dividend Gate Capital. Through the transaction, Dividend Gate Capital has become the majority shareholder of BFLC.

The company has also recognised the contribution of its outgoing Directors, with appreciation extended for their service and commitment during their tenure.

The new Board structure has been positioned as a key step in supporting BFLC’s future objectives, particularly as the company continues to expand its presence within Bahrain’s competitive Hospitality and F&B landscape.

Reverse Merger Creates Stronger Platform for F&B Expansion

The completion of the reverse merger has created a larger operational platform for BFLC, bringing together the company’s listed market presence with Truffle Hospitality’s portfolio of hospitality and entertainment businesses.

Following the merger, BFLC has become one of Bahrain’s largest listed hospitality and food and beverage groups, managing a diversified portfolio that includes more than 20 brands.

The company’s portfolio covers several segments, including fast-casual dining, upper-casual restaurants, café concepts and central kitchen operations. This diversified approach has allowed BFLC to maintain a presence across multiple areas of the F&B sector.

The group’s operations are supported by SoleCorp, its centralised operating platform responsible for managing essential business functions such as finance, human resources, procurement and logistics.

Through SoleCorp, operational activities are coordinated to improve efficiency and support scalable growth. The platform has been designed to provide shared services across the group’s hospitality businesses while maintaining consistent operational standards.

The expanded structure is expected to support BFLC’s ability to develop hospitality concepts, strengthen existing brands and improve operational performance across Bahrain and the wider GCC market.

Bahrain Hospitality Group Focuses on Sustainable Growth and Operational Excellence

BFLC’s new Board leadership has outlined a focus on strengthening corporate governance and creating long-term value for shareholders. The company has highlighted sustainable growth and operational excellence as important priorities following the merger.

The leadership transition represents a significant milestone for the company as it moves forward with an integrated hospitality platform and a broader portfolio of F&B brands.

The company’s strategy is centred on building upon its existing foundation while continuing to develop innovative hospitality concepts. With more than 20 brands under management, BFLC has established a diversified business model covering restaurants, cafés and supporting operational services.

The Bahrain hospitality sector continues to see increased attention from businesses seeking scalable opportunities across dining and entertainment segments. Within this environment, BFLC’s expanded structure provides a foundation for continued portfolio development.

The company’s focus remains on improving operational capabilities, enhancing hospitality offerings and pursuing sustainable expansion opportunities across Bahrain and the GCC.

Dividend Gate Capital Supports Long-Term Hospitality Development Vision

Dividend Gate Capital W.L.L., which became BFLC’s majority shareholder following the reverse merger, is a Bahrain-based private equity firm with investments across healthcare, hospitality, real estate, innovation and industry sectors.

Established in 2017, the investment firm has developed a diversified portfolio strategy focused on supporting growth opportunities and creating long-term value for partners and stakeholders.

Through its investment in BFLC, Dividend Gate Capital has strengthened its presence in the Hospitality and F&B sectors. The partnership has created a platform combining investment expertise with an established hospitality portfolio.

BFLC has confirmed that the announcement regarding the Board appointments was issued in line with disclosure requirements set by Bahrain Bourse and the Capital Markets Supervision Directorate of the Central Bank of Bahrain.

The company will continue operating as a listed Bahrain hospitality group with a focus on operational development, brand expansion and sustainable growth across the GCC region.

With the new Board structure now in place, BFLC is positioned to advance its next stage of development while strengthening its role within Bahrain’s evolving Hospitality and F&B industry.