GIB advices Dubai Investments on sale of equity stake of M'sharie

This stake was placed to a select group of prominent private equity investors from the Gulf.

M'sharie has several investments in entities based in the UAE which directly or indirectly derive benefits from the GCC's construction and contracting sector.

The aim of this successful private placement was to extend the reach of M'sharie beyond the UAE through alliances with businesses in other GCC countries. The private placement thus offers not only an opportunity to grow business in other GCC countries but also augments the current diversification drive by M'sharie to expand its business base in sectors other than construction and contracting. The company expects to offer shares to the public within two years.

DI was incorporated in 1995 as an initiative of the Dubai Government and has today grown into the largest investment company listed in the Dubai Financial Market.

Commenting on the successful completion of this transaction, GIB's Chief Executive Officer, Dr. Khaled M. Al-Fayez said:

"We are pleased with our role in supporting Dubai Investments in this landmark private placement. GIB has always been at the forefront of arranging capital market transactions for our GCC clients."

GIB has been a market leader in the corporate finance business in the region for many years offering advisory on private placements, mergers and acquisitions, financial restructurings and IPO's.