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Having established, managed and successfully paid off, probably, the first formal Private Equity Fund targeting the GCC, Rasmala is one of the pioneers of this asset class in the region.
"This has given us practical insight and experience which we will bring to bear in our private equity activities going forward," said al Shihabi.
"The GCC economies are experiencing tremendous growth, the markets are continuing to open up to foreign investment and regulatory reform is progressing. This environment will provide Rasmala with the opportunity to play an ever increasing role in Private Equity by restructuring businesses to maximize shareholder value or helping companies to build scale to withstand upcoming regional and global competitors. Rasmala will continue to undertake private equity transactions on a deal-by-deal basis, and is also planning to launch, by year end, two sector focused Private Equity funds, in partnership with prominent regional industry operators,"
announced al Shihabi.
Rasmala Investments, a Dubai based Investment Bank, currently manages eight Funds in regional and global markets. Its activities include Investment Banking, Private Equity, Asset Management and Brokerage. Rasmala has operating subsidiaries in Riyadh and London.
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Posted by Medilyn Manibo, Assistant News Editor
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