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Sunday, November 15 - 2009

CAPM Investment PJSC buys strategic stake in Ithmar Invest

The Chairman and CEO of Ithmar Invest PSC, Mr. Fawaz Y. Ghanem announced that CAPM Investment PJSC based in Abu Dhabi, UAE has recently purchased a strategic equity stake in Ithmar Invest.

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CAPM Investment PJSC was established in September 2007 as a private joint stock company registered in the Emirate of Abu Dhabi with an initial capital of Dhs100m with the objective of providing full fledged investment banking and asset management services in the UAE, the GCC, and the Middle East region.

CAPM's Board of Directors is comprised of professional, experienced, and respected members of the Abu Dhabi business community with established track records of successful business achievements.

The Company has a committed and experienced management team of highly skilled individuals with a proven track record of successful execution in the UAE. Senior members of the management team have demonstrated capabilities in the investment banking industry over the past 15 years during which, most of the team members have worked together.

In light of this partnership, Mr. Ghanem stated that Ithmar Invest's partnership with CAPM will allow the firm to further enhance its services in the region by building on CAPM's strong network in the GCC region.

He also added that Ithmar Invest was established in early 2007 as a boutique corporate finance advisory firm based in Amman, Jordan. Ithmar provides a wide spectrum of financial services to its corporate clients including: structuring, lead managing and placement of debt and equity securities; equity valuation & general financial advisory; corporate restructuring and transformations; divestitures and spin-offs; and mergers and acquisitions advisory.

The firm is also building its expertise in Islamic Sukuk Issuances which is an area that is projected to yield high returns in the near future. Ithmar Invest's provides its services to a distinguished clientele base that includes top ranking commercial banks, insurance companies as well as leading public and private companies in the manufacturing, real estate and services sectors.
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Notes and media contacts

For more information, kindly contact:

Ziad Qasem/ Samer Bsaiso
ASDA'A Public Relations/ Amman- Jordan
Phone: +962 6 552 0791
Fax: +962 6 552 0792

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