GulfBase Live Support
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 growth following the strong set of results reported in its fiscal year 2017. Al-Shroogi gave an update on Investcorp’s business and financial performance during a press conference following the Firm’s Extraordinary General Meeting (“EGM”).
“We have recorded a transformative year for Investcorp in our fiscal year 2017. The Firm doubled in size in terms of AUM and reported impressive results, both in terms of financial performance and in distributions to Investcorp and its clients. We have introduced a new business line – branded as Investcorp Credit Management (“ICM”), established a new Real Estate investment team in Europe, and launched our fourth Technology Fund. We have also made significant progress in our efforts to diversify our investor base geographically and by asset class and now have our first on-the-ground presence in Asia.” Mohammed Al-Shroogi, Investcorp’s Co-CEO, said.
Al-Shroogi emphasised that Investcorp is well on track with its strategy for the next phase of its growth, and is now well on the way to becoming a truly global institution with a global client-base spanning the Gulf, the US, Europe and Asia. He added: “We believe this diversification will put Investcorp on a stronger footing, ultimately allowing us to better serve the needs of our clients anywhere in the world.”
Last month, Investcorp announced its full year FY17 financial results, recording a 34% YoY increase in profit to $120.3 million. Key performance highlights included assets under management doubling to $21.3 billion, and distributions to Investcorp and its clients more than doubling to $3.4 billion, the highest level in the Firm’s history.
Investcorp, a global provider and manager of alternative investment products, reported an aggregate net income of $125 million for the year ended June 30, 2018 (FY 2018), an increase of 4% year-on-ye
Investcorp, a leading global provider and manager of alternative investments, yesterday announced it has completed the sale of Nobel Learning Communities, one of the leading providers of private educ
Investcorp, a global provider and manager of alternative investment products, announced that Dr Ann-Kristin Achleitner, a business economist and Professor of Entrepreneurial Finance Studies at the Te
Times of Oman
Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board
Times of Oman
The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has
Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that
Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor
The Gulf Today
Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co