Preserving capital, creating value, and shaping impact—across generations of Bahraini leadership.
Noorwood was founded as a union between two of Bahrain’s most respected families—the Al Alawi and the Al Mudifa—each with a long history of shaping the Kingdom’s economic and social landscape. Together, these legacies form the foundation of Noorwood’s purpose as a family office: to preserve wealth, values, and vision across generations.
The Al Alawi family has played a key role in Bahrain’s development across commerce, leadership, and community affairs. Among its most prominent figures is Sayed Mahmood Al Alawi, a widely respected businessman and public figure who contributed to national economic growth and civic leadership. His values of discipline, foresight, and integrity continue to shape Noorwood’s philosophy.
The late Hassan bin Ali Al Mudifa, great-grandfather of the founding family, was one of the Gulf’s most prominent pearl merchants and a pioneering figure in Bahrain’s commercial development in the early 20th century. He established a legacy of excellence, expanding from natural pearl and agricultural trade into real estate and broader investments. His reputation for trust, craftsmanship, and business acumen set the standard for generations that followed.
Sayed Mahmood Ahmad Al Alawi was one of Bahrain’s most distinguished economic minds and public servants. As a trusted advisor to the late Prime Minister His Royal Highness Shaikh Khalifa bin Salman Al Khalifa, he played a pivotal role in shaping Bahrain’s modern economic landscape. Their close collaboration began in the mid-1960s and included several landmark initiatives such as conducting the 1965 census and establishing Bahrain’s first national currency. As a founding member of the Bahrain Monetary Council, Al Alawi’s guidance was instrumental in laying the financial foundations of the state. From his early days in the Government’s Accounting Department to his appointment as Minister of Finance and National Economy in Bahrain’s first government, his leadership spanned critical periods including the global economic crisis, World War II, and the nation’s journey to independence. Until his passing in 1994, he continued to serve as Financial Adviser to the Prime Minister, leaving behind a legacy marked by dedication, patriotism, and visionary economic stewardship.
Noor Al Rahma is the Founder and Managing Director of Noorwood, the family office representing the long-standing legacies of the Al Alawi and Al Mudifa families — two names deeply rooted in Bahrain’s commercial and cultural history.
A direct descendant of the Al Mudifa family, Noor carries forward a legacy of leadership, discretion, and long-term stewardship. Her great-grandfather was one of Bahrain’s earliest merchants and played a central role in shaping the island’s early business community. Noor continues this legacy through Noorwood, blending tradition with a forward-looking vision for regional and global investment.
Under her leadership, Noorwood oversees multi-generational wealth across a diverse portfolio of sectors including private equity, technology, real estate, and strategic partnerships. Noor is committed to preserving family values while identifying modern opportunities that align with long-term impact, sustainability, and innovation.
She is also an advocate for female leadership in finance and serves as a trusted advisor to regional families and institutions navigating transitions between legacy and growth.
As a multi-generational family office, Noorwood oversees and grows the family’s capital across
Private market and real estate investments
Strategic partnerships and long-term asset allocation
Intergenerational wealth planning
Legacy-driven philanthropy
“At our core, we see capital as more than financial—it is a vehicle for long-term stewardship, continuity, and impact.
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Hassan Al Mudifa establishes pearl trade
Al Alawi family rises in public service
Noorwood founded
Transition into full family office
The first finance minister in Bahrain Sayed Mahmood Al Alawi on the right hand of the late Amir HH Shaikh Isa bin Salman Al Khalifa, HM King Hamad bin Isa Al Khalifa and HRH the late Prince Khalifa bin Salman Al Khalifa the Prime Minister in first Cabinet formation
HRH the late Prince Khalifa bin Salman Al Khalifa the Prime Minister, Mr. Yousif Al Shirawi and Sayed Mahmood Al Alawi in an intimate conversation with Mr. Zu Al Faqar Bhutu, Pakistan’s former Prime Minister. (December 1973)
HRH late Prince Khalifa bin Salman Al Khalifa the Prime Minister, Head of the Administrative Council, and his close companion, Sayed Mahmood Al Alawi, work together in the Government Secretariat Building.(1967)
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Noorwood Group 1st Floor Alraya Building 1025, Al Seef Bahrain
