Global holds its Second Annual Private Equity Meeting in the United Kingdom

The meeting was attended by a large number of investors who invest in private equity funds managed by Global.

A number of interested investors wishing to invest in MENA private equity funds also attended the meeting.

The annual meeting held by Global aims to create a close relationship between investors and the company managers that Global's private equity funds invest in.

Additionally, the meeting enables Global to assess the strengths and performance of the companies as well as to foresee their future plans.

In the opening speech given by Mrs. Maha Al-Ghunaim, Chairperson and Managing Director at Global, she discussed the company's major achievements as well as the excellent performance of the private equity team during the past four years.

She also discussed the state of the regional and international financial markets as well as Global's optimistic outlook at the MENA markets.

Mr. Shailesh Dash, Senior Vice President and Head of Alternative Investments at Global spoke about the achievements of Global's private equity team in managing funds.

The private equity team manages five private equity funds with assets under management of $3.2bn, out of the $10.2bn total assets managed by the company on behalf of its clients.

The team has invested $1.8bn in 54 companies distributed in 11 different sectors in the MENA region, as well as in Turkey, China and South Asia.

The team has returned an IRR of 61% through its unlisted funds.

Mr. Shailesh concluded by speaking about Global's plans to launch new private equity funds.

A number of CEO's representing their companies invested in the private equity funds after speaking of their companies, achievements and future plans as well as the additional value presented to them by Global.