10/08/2017 06:09 AST

Bahrain-based Investcorp is aiming to make 10 investments across its private equity and real estate businesses in the current financial year, Co-Chief Executive Rishi Kapoor said on a media call on Wednesday.

The investments will help the company achieve its goal of raising its assets under management to $25 billion in the next three years or so, Kapoor said.

Investcorp’s assets under management doubled to $21.3 billion after its acquisition in March of 3i’s debt management business, rebranded Investcorp Credit Management.

Earlier, the company reported a 116 per cent rise in its second-half net profit to $84.6 million, and a 34 per cent increase in profits to $120.3 million for the full financial year ended June 30.

A solid performance from core operations, including the newly acquired credit management business, helped to boost the company’s operating income, it said.

Founded in 1982, Investcorp is one of the oldest Middle Eastern private equity investors. It has made more than 170 corporate investments in the United States, Europe and the Middle East and North Africa and Turkey.

The company is now aiming to grow its presence in Asia as part of a strategy to diversify its investor base, business areas and asset classes.

Its new office in Singapore, up and running since April, will help to build the company’s client coverage in Asia, aimed at institutional investors in Japan, South Korea, Singapore and Thailand, China and Hong Kong, said Kapoor.

The company raised $4.1 billion from clients in the Gulf and institutional investors in the US, Europe and Asia during the last financial year. In the longer-term, Investcorp might consider direct investments in Asia, Kapoor said.


Gulfnews

Investcorp expands British acquisitions with Kee Safety

19/10/2017

Bahrain-based alternative asset manager, Investcorp, has acquired UK-based Kee Safety from Dunedin and LDC for US$370 million, the company said on Wednesday, in its third UK investment in 18 months.<

The National

Investcorp presses ahead with its strategy of growth

27/09/2017

Mohammed Al-Shroogi, Co-CEO at Investcorp, a leading provider and manager of alternative investment products, confirmed today that the Firm is well positioned to deliver on its ambitious strategy of

Biz Bahrain

Investcorp announces $350m deal

26/09/2017

Investcorp, a leading provider and manager of alternative investment products, today announced that its US.-based real estate arm has invested in six multifamily properties in Florida and Arizona, fo

The Peninsula

Ticker Price Volume
QNBK 122.40 34,875
BURUJ 31.60 66,874
SABIC 97.20 1,039,482
TAWUNIYA 92.80 26,112
DARALARKAN 7.15 7,269,357
PETRORABIGH 13.70 260,644
CHUBB 29.80 985,897
INVCORP Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
GFH 0.47 0.02 (3.29%)
ABC 0.30 0.01 (1.72%)
BARKA 0.38 0.01 (1.33%)
ITHMR 0.13 0.00 (0.00%)
TAIB 2.74 0.00 (0.00%)
Saudi Aramco's IPO, is 'on track' for 2018, CEO Amin Nasser says

23/10/2017

Saudi Aramco CEO Amin Nasser said the oil giant's initial public offering remains on track for the second half of 2018.

Recent reports have suggested Saudi Aramco offering could be delayed u

CNBC

RAKBANK Group Reports AED 606.3 mn in Net Profit

23/10/2017

The National Bank of Ras Al Khaimah (RAKBANK) Group achieved a 9.4% growth in the consolidated net profit of AED 606.3 million for the nine months ended 30 September 2017. The third quarter of 2017 g

Press Release

Cryptocurrencies 'not mature enough' to assess impact: Saudi regulator

23/10/2017

Abdulmalik Al-Sheikh, senior advisor at the Saudi Arabian Monetary Agency (SAMA), said cryptocurrencies are not something the body is looking to regulate right now. Al-Sheikh also said the regulator

CNBC

ENBD REIT announces NAV of $295 million

23/10/2017

ENBD REIT (CEIC) Limited, the Shari'ah compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has announced its Net Asset Value (“NAV”) for 30 S

CPI Financial

Maaden announces the results of shareholder general assembly meeting

23/10/2017

Saudi Arabian Mining Company (Maaden) announces that the company 10th Ordinary General Assembly Meeting was held at 18:30 on Sunday, 22-10-2017G corresponding to 02-02-1439H at the Company Headquarte

Press Release