BFLC names Mohamed Nedham Khonji chairman after reverse merger

Bahrain Family Leisure Company has appointed a new chairman and board after completing a share-swap reverse merger with Truffle Hospitality Holding, making Dividend Gate Capital the majority shareholder. The move sets up BFLC’s next growth phase as the Bahrain-listed hospitality group expands across Bahrain and the wider GCC.

Why it matters: - BFLC’s board reset comes after a reverse merger that changed the company’s ownership structure and put Dividend Gate Capital in control. - The new board is expected to guide BFLC’s next phase of growth across Bahrain and the wider GCC. - BFLC says the company remains one of Bahrain’s largest listed hospitality and entertainment groups, with more than 20 brands in its portfolio.

What happened: - Bahrain Family Leisure Company B.S.C. announced the appointment of Mohamed Nedham Khonji as chairman and named a new board of directors. - The board includes Vice Chairman Mahmood Mohammed Ali, Non-Executive Directors Khaled Mohamed AlHammadi, Wissam Hussein and Faisal Hassan AlJalahma, and Independent Directors Farooq Mohamed AlKhaja and Ayman Moussa Gadallah. - The board has a three-year term under the Bahrain Commercial Companies Law and the company’s articles of association. - The appointments followed the completion of a share-swap reverse merger between BFLC and Truffle Hospitality Holding W.L.L., the hospitality and entertainment subsidiary of Dividend Gate Capital W.L.L. - Dividend Gate Capital became BFLC’s majority shareholder after the transaction.

The details: - BFLC is listed on Bahrain Bourse under the ticker FAMILY. - The company said the new board will strengthen governance and support sustainable long-term value for shareholders. - The portfolio includes fast-casual dining, upper-casual dining, café concepts and a central kitchen. - SoleCorp serves as BFLC’s centralized operating platform and handles finance, human resources, procurement and logistics. - BFLC was established in 1994 and is registered with Bahrain’s Ministry of Industry and Commerce. - The company said its operations are supported by a diversified portfolio of more than 20 brands. - BFLC said the group is focused on operational excellence, new hospitality concepts and sustainable growth.

Between the lines: - The merger and board changes signal a tighter strategic and governance setup under Dividend Gate Capital’s influence. - Khonji is both BFLC chairman and founder and managing director of DGC, which links the new ownership structure closely to day-to-day leadership. - The company is positioning itself as a regional platform, not just a Bahrain-focused operator.

What's next: - The new board will oversee BFLC’s next growth phase and the expansion of its portfolio. - BFLC said management will work with the board to build on the company’s existing foundation. - The company is expected to keep pushing expansion across Bahrain and the wider GCC.

The bottom line: - BFLC has entered a new chapter with a new chairman, a fresh board and a majority owner now firmly in place after the Truffle merger.