In a pivotal move marking its ongoing evolution, the McLaren Group announced today the completion of a significant capital reorganisation, heralding a new chapter in its storied legacy in luxury automotive and elite motorsports. This restructuring journey reaches a landmark moment as Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, assumes full ownership of the McLaren Group’s share capital by converting all preference shares into ordinary shares.
Paul Walsh, McLaren Group’s Executive Chairman, expressed enthusiasm over the deepened partnership with Mumtalakat, citing the deal as a major boost to the company’s ownership and governance structure. “This move not only solidifies our long-term strategy but also ensures our continued commitment to innovation, product excellence, and exploration of new technical partnerships,” Walsh stated, underlining the company’s focus on its forward-looking business plan.
Echoing Walsh’s sentiments, His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, highlighted the reorganisation as a critical step towards reinforcing McLaren’s leadership in the supercar and motorsports sectors. “We’re setting the stage for McLaren’s future successes, opening the door to strategic partnerships that will drive growth and innovation in the years to come,” he remarked, emphasizing the significance of the reorganisation in Mumtalakat’s ongoing support for McLaren.
The announcement follows a trail of successes for McLaren, including the launch of the Artura Spider, its first series-production high-performance hybrid open-top supercar, and the unveiling of the sold-out McLaren 750S. Renowned for its pioneering spirit in motorsports and automotive innovation, McLaren continues to captivate enthusiasts and customers worldwide with its cutting-edge supercars and hypercars, boasting a rich legacy in Formula 1, IndyCar, Formula E, Extreme E, and esports.
As McLaren gears up for future challenges and opportunities, its strategic consolidation under Mumtalakat’s full ownership paves the way for continued excellence and growth in the luxury automotive and elite motorsport arenas.
