NeutraHealth was floated on AIM in February 2005 and its aim is to consolidate the fragmented vitamins, minerals and supplements sector of the growing neutraceutical market, an area of high growth in the Arabian Gulf region. The company is focused on consolidating the nutraceutical market through organic growth and strategic acquisitions.
Hydari's appointment coincides with the acquisition by Elder Pharmaceuticals of 20% of NeutraHealth Plc, a move which enables the company to expand its footprint in emerging markets. Hydari (33) is joining the Board because of his expertise in emerging markets, financial structuring and mergers and acquisitions.
Commenting on Hydari's appointment, Michael Toxvaerd, Chief Executive Officer of NeutraHealth Plc said: "We are delighted to welcome Zulfi Hydari to the Board of Neutrahealth Plc. Not only does he bring with him a wealth of knowledge of consumer businesses and huge expertise in the private equity sector, but his knowledge of emerging markets particularly across the Middle East and South Asia will be invaluable as we expand our global footprint in these regions."
Speaking about his recent appointment, Hydari commented: "This is a tremendous honour for me and I am very excited about being involved in such an ambitious and dynamic company with a clear strategic growth plan. I look forward to working with the Board in moulding and forming the future strategy of the company's activities. "
Hydari's appointment was officially confirmed on August 20 2007.
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UK Non Executive Director appointment for prominent local entrepreneur
- United Arab Emirates: Sunday, September 16 - 2007 at 15:40
- PRESS RELEASE
Zulfi Hydari, Managing Director and Co-founder of HBG Holdings, a Dubai headquartered private equity company operating across the Middle East and South Asia region, has recently been appointed as Non Executive Director of Neutrahealth Plc, a publicly listed company on the AIM market of the London Stock Exchange.
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Zulfi Hydari is an established business executive, investor and entrepreneur with significant hands-on experience in acquiring and building profitable businesses. He has over 13 years business experience in venture capital, mergers and acquisitions and business turnarounds, much of it in the emerging markets. Through portfolio companies he has transacted business with leading multinationals and government institutions in Europe, Middle East and South Asia.Mr Hydari is currently Managing Director of HBG Holdings, a Dubai-based private equity and alternative asset management group with over $200 million under management. HBG specializes in acquiring controlling interests in high growth companies in the Middle East, North Africa and Indian Subcontinent ("MENASA").
At HBG, Mr Hydari leads a team with significant experience in acquiring, restructuring and managing businesses in the MENASA region and one that has played a leading role in its landmark M&A transactions. Under his leadership the group has successfully launched a series of special purpose investment vehicles which have collectively invested in logistics, consumer, retail and real estate assets across the Middle East and South Asia region.
For further information please contact Liz Fox, FD
PO Box 71523, 17th Floor, Al Attar Business Tower, Sheikh Zayed Road
Dubai,
T +971 (0) 4 332 8832
F +971 (0) 4 332 8388
www.fd.com
Posted by Lara Lynn Golden, News EditorSunday, September 16 - 2007 at 15:40 UAE local time (GMT+4)
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