Global Buyout Fund L.P. receives 'Fund of the Year' Award

Mr. Omar M. El-Quqa, Executive Vice President at Global, received the award from the media foundation "Terrapinn" was presented by Joseph Divanna, a high profile speaker, business author and consultant. During a ceremony held at the Hotel "Shangri La Hotel" in Dubai recently.

The Foundation granted Global the award under the category "Fund of the Year" in recognition of its role in the development of the regional capital market as reflected in the Global Buyout Fund structure, investment strategy and the size of its capital.

The fund invests in management buyouts, public and private transactions, spin offs by family groups, as well as privatization transactions.

The minimum amount of investment in the fund is USD5 million. The fund will target an annualized rate of return of no less than 20%.

After receiving the award, El-Quqa said, "This Award is a recognition of the role played by Global in the region's capital market, the management of investment funds specifically private equity funds."

He continued, this Fund helped showcase the attractive G.C.C. opportunities to the whole world being its the first G.C.C. fund to be offered to the international markets, it's endorsed by two leading international institutions JP Morgan Cazenov and Bear Stearns.

He mentioned that Global has the edge from its ability to move promptly, commitment in its transactions and the synergies with the management.

El-Quqa, concluded by saying that this Award is a testimony of our team's hard work and efforts.

Global enjoys strong relations and wide presence in the region. It manages four private equity funds, aggregating to about $1.5bn.

The private equity team at Global, completed 44 investments across the G.C.C., the Middle East and North Africa (including Turkey), India and China.

It is noteworthy that Global has recently received a number of recognitions at the company, management, and products and services levels. The latest other awards included "The Best Investment Bank Award for 2007" by Euromoney Magazine, "The World Islamic Funds Excellence Award for 2007" from World Islamic Funds & Capital Markets magazine, and lately the "CEO Middle East Awards for 2007" from CEO Middle East Magazine.