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Investcorp weighs taking #SaudiArabia's Al Borg public -sources | Reuters

Investcorp weighs taking Saudi Arabia's Al Borg public -sources | Reuters Middle Eastern fund Investcorp is considering a public share sale of Saudi Arabia's Al Borg Medical Laboratories, two sources familiar with the matter said.Bahrain-headquartered Investcorp invited banks to pitch for a planned listing of Al Borg, one of the largest private medical laboratory chains in the Gulf, said the sources, declining to be identified as the matter is not public.Investcorp could raise around $200 mill...
Tags: Travel, Saudi Arabia, Africa, Bahrain, Gulf, Reuters, Investcorp, Rupert Neil Bumfrey, Reuters Middle Eastern, Al Borg, Al Borg Medical Laboratories


#Saudi PIF Commits Up to $160 Million to Gulf Infrastructure Fund - Bloomberg

Saudi PIF Commits Up to $160 Million to Gulf Infrastructure Fund - Bloomberg Saudi Arabia’s sovereign wealth fund has agreed to commit up to a fifth of a planned $800 million Middle East infrastructure fund being established by Aberdeen Standard Investments and Investcorp.The Aberdeen Standard Investcorp Infrastructure Partners fund has received the pledge from the PIF along with another $90 million commitment from the Asian Infrastructure Investment Bank, according to a statement Thursday. Th...
Tags: Travel, Bloomberg, Aberdeen, Middle East, Michael Fallon, Bahrain, Asian Infrastructure Investment Bank, Investcorp, Rupert Neil Bumfrey, U K Defense, Aberdeen Standard Investments, NBK Capital Partners, Hazem Ben Gacem, Gulf Infrastructure Fund Bloomberg, Gulf Infrastructure Fund Bloomberg Saudi Arabia


Investcorp's move to delist in keeping with its iconic history | The National

Investcorp's move to delist in keeping with its iconic history | The National In London, in the mid to late 1990s, the only Arab financial company that was spoken of with reverence was Investcorp. By then it had been involved in iconic deals for luxury brands such as Tiffany & Co and Gucci, rejuvenating them and then taking them public at enormous profit. It outbid future US President Donald Trump to acquire Tiffany’s in 1984 and netted $1 billion profit from Gucci. Understandably, Iraqi found...
Tags: Travel, Asia, New York, London, US, Davos, Dubai, Switzerland, Silicon Valley, Fifth Avenue, Donald Trump, Bahrain, Gucci, Tom Ford, Gulf, Tiffany


Investcorp to Delist From Bahrain Exchange After Nearly 40 Years - Bloomberg

Investcorp to Delist From Bahrain Exchange After Nearly 40 Years - Bloomberg Investcorp Holdings BSC, the Middle East’s biggest alternative asset manager, will delist from the Bahrain stock exchange after almost four decades in response to low trading volumes, the latest in a string of companies in the region to go back into private ownership.The firm, which manages assets of more than $35 billion, got approval from investors to delist at a shareholder meeting in Bahrain Wednesday. Investcorp ...
Tags: Travel, Bloomberg, Middle East, Dubai, Bahrain, MANAMA, Investcorp, Rupert Neil Bumfrey, Central Bank of Bahrain, Hazem Ben Gacem, Ben Gacem, Bloomberg Investcorp Holdings BSC


Investcorp Is Said to Raise $1 Billion for North American Deals - Bloomberg

Investcorp Is Said to Raise $1 Billion for North American Deals - Bloomberg Investcorp Holdings BSC has raised about $1 billion for its first private equity fund focused on North American assets, according to people familiar the matter.The biggest private equity and alternative asset manager in the Middle East is set to complete a first close on the fund soon, and aims to eventually raise about $2 billion, the people said. The fund will focus on investing in areas including technology and data...
Tags: Travel, Europe, Bloomberg, Middle East, Abu Dhabi, Bahrain, Gulf, Tiffany Co, Investcorp, Rupert Neil Bumfrey, Mubadala, Bloomberg Investcorp Holdings BSC, Gucci Ltd


#AbuDhabi Mubadala investment record high in 2020 - CEO | Reuters

Abu Dhabi Mubadala investment record high in 2020 - CEO | Reuters Khaldoon Khalifa Al Mubarak, group chief executive officer of Mubadala Investment Company, speaks at the 2019 New Economy Forum in Beijing, China November 21, 2019. REUTERS/Jason Lee   Abu Dhabi state investor Mubadala invested a record amount in 2020 as it doubled down on growth sectors, its chief executive said on Monday. “We’ve invested more in 2020 than we have ever done in one year prior to that,” Khaldoon Kh...
Tags: Travel, Bahrain, Reuters, Beijing China, Investcorp, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Khaldoon Khalifa al Mubarak, Abu Dhabi Mubadala, AbuDhabi Mubadala, Reuters Khaldoon Khalifa Al Mubarak, Jason Lee Abu Dhabi


Investcorp Is Said to Raise $1 Billion for North American Deals - Bloomberg

Investcorp Is Said to Raise $1 Billion for North American Deals - BloombergInvestcorp Holdings BSC has raised about $1 billion for its first private equity fund focused on North American assets, according to people familiar the matter.The biggest private equity and alternative asset manager in the Middle East is set to complete a first close on the fund soon, and aims to eventually raise about $2 billion, the people said. The fund will focus on investing in areas including technology and data co...
Tags: Travel, Europe, Bloomberg, Middle East, Bahrain, Investcorp, Rupert Neil Bumfrey, BloombergInvestcorp Holdings BSC


Mideast’s Top Private Equity Firm Ready to Pounce as Rivals Fade - Bloomberg

Mideast’s Top Private Equity Firm Ready to Pounce as Rivals Fade - BloombergThe biggest private equity and alternative asset manager in the Middle East is on the lookout for deals after the economic fallout of the pandemic made companies cheaper to buy and scandals thinned out the competition.Investcorp Holding BSC, which manages about $34 billion, is looking to do more in the region across the health-care, transport, logistics and industrial sectors, said Walid Majdalani, the firm’s head of pri...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Dubai, North Africa, Mideast, Investcorp, Rupert Neil Bumfrey, Shailesh Dash, Abraaj Capital, Al Masah Capital Ltd, Investcorp Holding BSC, Walid Majdalani, Majdalani


Middle East Deals: #Saudi Car Rental Firm Theeb Hires IPO Advisers - Bloomberg

Middle East Deals: Saudi Car Rental Firm Theeb Hires IPO Advisers - Bloomberg:Saudi Arabia’s Theeb Rent-a-Car hired Saudi Fransi Capital to advise on a potential initial public offering, according to people with knowledge of the matter.The share sale and listing on the local stock exchange would allow Bahrain-based alternative investment firm Investcorp to reduce its stake in the care hire business, the people said, asking not to be identified because the information is private.The IPO could hap...
Tags: Travel, Saudi Arabia, Ipo, Bloomberg, Bahrain, Theeb, Investcorp, Bindawood Holding, Rupert Neil Bumfrey


Nemir Kirdar, financier, 1936-2020 - Godfather of private equity who founded Investcorp | Financial Times

Nemir Kirdar, financier, 1936-2020 | Financial Times: Iraq-born financier Nemir Kirdar envisioned a local institution that could attract global talent as a bridge into developed markets © Nasser Nasser/AP Nemir Kirdar, the Iraq-born financier, was one of the godfathers of private equity who founded Investcorp, a pioneering asset manager that channelled the Middle East’s oil riches into developed markets.Kirdar, who has died aged 83, fled revolutionary Iraq and made his fortune as a ...
Tags: Travel, Hollywood, Iraq, US, Middle East, Istanbul, Baghdad, Gulf, Kirkuk, Investcorp, FAISAL, Rupert Neil Bumfrey, Nemir Kirdar, Nasser Nasser, Kirdar, Rihab


#Bahrain's Investcorp posts 17% drop in half-yearly net profit - Gulf Business

Bahrain's Investcorp posts 17% drop in half-yearly net profit - Gulf Business:Bahraini investment firm Investcorp posted net income worth $48m for H1 FY20, slipping 17 per cent compared from $58m for H1 FY19.For the six months ending December 31 2019, Investcorp’s net income, excluding the fair value change of legacy investments, reached $59m, two per cent higher than $58m for the six months ending December 31 2018, a statement said.On a fully diluted basis, earnings per ordinary share were $0.6...
Tags: Travel, Bahrain, Investcorp, Rupert Neil Bumfrey


Investcorp plans $1 bln infrastructure investments in #Saudi, Gulf & MENA - joint CEO - Reuters

Investcorp plans $1 bln infrastructure investments in Saudi, Gulf & MENA - joint CEO - Reuters:Bahrain-based Investcorp plans to invest at least half of its $1 billion GCC Infrastructure fund in Saudi Arabia as it seeks to take advantage of investment opportunities in the kingdom, its co-chief executive said on Wednesday. “It will focus on healthcare, education, social housing, infrastructure roads, utilities,” Hazem Ben-Gacem told Reuters, adding that the remainder would be invested in other Gu...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Oman, Bahrain, Mena, North Africa, Reuters, Riyadh, Investcorp, Saudi Gulf, Rupert Neil Bumfrey, Hazem Ben Gacem, Saudi Gulf MENA


Investcorp, Standard Life to Raise $1 Billion for Gulf Fund - Bloomberg

Investcorp, Standard Life to Raise $1 Billion for Gulf Fund - Bloomberg:Bahrain’s Investcorp Bank BSC and Standard Life Aberdeen Plc plan to raise $800 million to $1 billion for a fund to invest in infrastructure in the Gulf Cooperation Council.The venture between the Bahrain-based alternative-assets manager and the Scottish firm’s Aberdeen Standard Investments unit will focus on healthcare, education and utilities. It may also invest in the wider Middle East and Levant.“The GCC region has alway...
Tags: Travel, GCC, Middle East, Abu Dhabi, Bahrain, Levant, Investcorp, Rupert Neil Bumfrey, Investcorp Bank BSC, Aberdeen Standard Investments, Hazem Ben Gacem, Standard Life Aberdeen Plc, Investcorp Standard Life, Gulf Fund Bloomberg


Investcorp buys 40% holding in Swiss private bank PBS | Financial Times

Investcorp buys 40% holding in Swiss private bank PBS | Financial Times:Investcorp has bought a more than 40 per cent stake in a Swiss private bank as the $22.6bn alternative investment group seeks to increase its assets under management to $50bn in four years.The Bahrain-listed group declined to provide financial details but said its holding in Banque Pâris Bertrand Sturdza, a $5.4bn private bank, strengthens its ambitions to become a larger global financial group. Investcorp started life in 19...
Tags: Travel, Britain, Pbs, Bahrain, Gulf, Investcorp, Rupert Neil Bumfrey, Banque Pâris Bertrand Sturdza


UBS to Hire Ex-Morgan Stanley Banker for Richest Saudis - Bloomberg

UBS to Hire Ex-Morgan Stanley Banker for Richest Saudis - Bloomberg:"UBS Group AG hired a former Morgan Stanley banker to run its ultra-high net worth business in Saudi Arabia as the bank consolidates its wealth management operations, according to a person familiar with the matter.Gabriel Aractingi will be based in Geneva and joins from Bahrain’s Investcorp Bank BSC where he’d been head of its Saudi Arabia business since May, said the person, asking not to be identified because the move isn’t pu...
Tags: Travel, Saudi Arabia, Ubs, Geneva, Morgan Stanley, Bahrain, Zurich, UBS Group AG, Investcorp, Rupert Neil Bumfrey, Investcorp Bank BSC, Morgan Stanley Banker for Richest Saudis Bloomberg, Morgan Stanley Banker, Gabriel Aractingi, Aractingi, Yasser Bajsair


BRIEF-Investcorp says UAE's Mubadala completes deal to take 20 pct stake in its parent | Reuters

BRIEF-Investcorp says UAE's Mubadala completes deal to take 20 pct stake in its parent | Reuters:"Investcorp: * Says Mubadala Development completes second step of transaction to acquire 20 percent stake in Investcorp’s parent * Says UAE's Mubadala now owns 20 percent of Investcorp Bank following receipt of required regulatory approvals"'via Blog this' [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Uae, Reuters, Investcorp, Rupert Neil Bumfrey, Mubadala, Mubadala Development, Investcorp Bank


Mubadala to buy 20 per cent stake in Bahrain’s Investcorp | GulfNews.com

Mubadala to buy 20 per cent stake in Bahrain’s Investcorp | GulfNews.com:"Mubadala Development Company will be buying a 20 per cent stake in Bahrain-based alternative investment firm Investcorp, the two companies said in a joint statement on Thursday.The two-step transaction sees Mubadala acquire a 9.99 per cent ownership stake immediately, with a further 10.01 per cent following necessary regulatory approvals, the companies said.Mubadala did not divulge the value of the deal when contacted by G...
Tags: Travel, Bahrain, Investcorp, Gulf News, Mubadala Development Company, Rupert Neil Bumfrey, Mubadala



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