Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has held discussions with the National Health Regulatory Authority (NHRA) to explore opportunities for collaboration aimed at promoting the transparent and seamless exchange of assets, including surplus medical goods.
The discussions highlighted the importance of transparency, governance and efficiency in strengthening confidence across markets, with both organizations expressing a shared commitment to supporting Bahrain Economic Vision 2030 through greater digital collaboration.
Mazad and the NHRA reaffirmed their shared belief that trusted markets depend on trusted institutions. The NHRA has set a regional benchmark by reevaluating its regulations and revising core workflows to meet international standards of efficiency and effectiveness, with these activities receiving widespread welcome and support from stakeholders across the Kingdom. Mazad said it brings the same commitment to integrity to the marketplace by providing a secure, fully regulated environment for every transaction.
Nezar Habib CEO – Mazad
“Trust is the real currency of any market, and at Mazad, transparency is not a feature but a foundation. The NHRA has shown what world-class regulation looks like, and when national institutions align around the same principles, we do more than serve our own mandates; we advance the Kingdom’s vision for a digitally empowered economy.”
Dr. Ahmed Mohammed Al Ansari, Chief Executive of the NHRA, stated that, “We continue to enhance our processes and explore digitization tools and initiatives as we believe that the principles that drive excellence in healthcare regulation, like transparency, governance, and a seamless experience, strengthen confidence across every market. We see real value in semi-public entities working together to advance Bahrain Economic Vision 2030.”
Building on their shared ambition to support Bahrain Economic Vision 2030, both parties said they will continue exploring opportunities for collaboration centered on the principles of transparency, governance and efficiency.
