Bapco Energies Unveils BeVentures and Appoints Areije Al Shakar as CEO

Bapco Energies, a leading force in Bahrain’s energy transformation, has announced the establishment of its new subsidiary, BeVentures, alongside the appointment of Mrs. Areije Al Shakar as its Chief Executive Officer.

BeVentures, a strategic addition to Bapco Energies’ portfolio, will focus on investing in and nurturing groundbreaking energy ventures. The subsidiary aims to advance Bapco Energies’ transition to a low-carbon economy by investing in cutting-edge technologies and harnessing global energy opportunities. BeVentures is set to drive significant impacts in the energy sector and related industries, while aligning with Bapco Energies’ existing operations to enhance sustainable growth and diversify revenue streams.

Mrs. Areije Al Shakar, an esteemed leader with over 20 years of experience in banking and venture capital, has been appointed as CEO of BeVentures. Al Shakar, who holds a Kauffman Fellowship in Venture Capital and was the first Bahraini and GCC female to receive this honor, previously served as Head of Innovation at Bahrain Development Bank and as Fund Manager & Director at Al Waha Venture Capital Fund of Funds.

Mr. Mark Thomas, Group Chief Executive Officer of Bapco Energies, emphasized that the launch of BeVentures reflects the Group’s dedication to fostering investment opportunities, driving innovation in energy, and forming strategic partnerships with technology and financial leaders. This initiative aligns with Bahrain’s economic development goals under the leadership of His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa.

Mr. Thomas expressed his enthusiasm for Mrs. Al Shakar’s appointment, noting, “Areije Al Shakar’s leadership at BeVentures is crucial for delivering significant value across our Group. Our goal is to achieve strong financial returns by supporting our portfolio companies in their journey toward public listings or global expansion.”

He added, “BeVentures is uniquely positioned to enhance our investment strategy by engaging with the vibrant venture capital ecosystem. We are committed to advancing growth in the energy sector through strategic investments, innovative opportunities, and partnerships that connect pioneering energy ventures with essential resources.”