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Emirates Investment and Development launches Emivest Capital
- United Arab Emirates: Wednesday, August 08 - 2007 at 15:21
- PRESS RELEASE
Emirates Investment and Development Company PSC (Emivest) has created a new investment arm - Emivest Capital to source new investment and to provide corporate and advisory services.
As a strategic Corporate and Advisory Services Provider, Emivest Capital will render services in Implementation of Corporate Governance, Restructuring, Mergers and Acquisitions, Market Development Services, Investment Advisory Services etc.
On the launch of the new arm of Emivest, Buti Saeed Al Ghandi, Chairman of Emivest, commented: "Emivest believes in the value of multiple perspectives on industry, geography, size and human resource levels and we strive to consolidate these to provide maximum benefit to our clients."
Tarek Niazi, Group CEO of Emivest revealed that the new investment and financial services provider will expand its operational network locally, regionally and in international markets. "Emivest' success records over the past 10 years have inspired confidence and attracted investors to seek our services. For instance, the operating profits of Emivest subsidiaries have doubled in value year on year over the past three years and new and international investments made year to date, manifests solid growth of return on equity," he said.
Anthony Power, head of Emivest Capital and concurrently Chief Investment Officer of Emivest stated: "We trust that solid research is fundamental to sound investment decisions. Market intelligence is very crucial to us. In addition our investment professionals go the distance to determine the unique value-add and value-chain benefits that any one investment would bring. The integration of existing components with a new insight is critical to maintain our innovative leadership in the market."
"Based on the knowledge that we have gained over the years, we are trying to create a value added proposition to shareholders with new investment opportunities."
Emivest Capital will be launching hedge funds, healthcare fund and opportunistic funds in a very short period of time. The size of the funds will vary from $500 million to $1 billion depending on the need. Emivest Capital will have a solid research based workforce.
Emivest Capital would align itself with global partners and expects to be a leader in this industry in a short span of time.
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Notes and media contacts
About Emirates Investment & Development Company PSCFounded in 1997, Emirates Investment & Development Company PSC (Emivest) aims at providing credible investment and development services to support regional economy, social and environmental progress.
Emivest invests and develops in the manufacturing, horticulture, construction, real estate, education, transport, telecom and finance sectors. Emivest's impressive portfolio includes Emirates Investment & Development PSC, Desert Landscape, Desert Leisure, Desert Rockcraft, Desert Turfcare, Dubai Garden Centre, Wahat Al Sahraa, Prisma Space Frame System, Prisma Windows & Doors, Proglass, Exclusive Acrylic, Prometal, Centennial, The Canadian University of Dubai, Duplas Al Sharq, Ghadeer Mineral Water Company , BMC Gulf Group, CBS Technology and ETI Technology
For more information, please contact:
THE IDEA AGENCY - PR DEPARTMENT
Tel: 971 4 3434424 Fax: 971 4 3434305
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Posted by Anne-Birte Stensgaard, Senior News Editor
