Weight Loss Express

24 March 2008

Gulf Capital to invest 1 Bn dirhams a year

Gulf Capital, one of the leading regional private equity firms, has announced investments of more than 1 billion dirhams on at least five transactions a year.

"The annual number of deals we will strike remain the same (five) with an annual investment of Dh1 billion, but their sizes may vary," Gulf Capital chief executive Karim El Solh said.

He said this after signing a strategic and long-term partnership with Credit Suisse to help expand its portfolio companies through listing on international markets and acquisitions.

The agreement was signed by Waleed Zahid, Gulf Capital vice-president, and Charles Pieper, Credit Suisse vice-chairman for alternative investments.

Karim El Solh said the company would invest in global IPOs and mergers and acquisitions, targeting from six to eight areas such as pipeline projects, oil and gas, logistics and transportation, and education and health.

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