Istithmar acquires US$1 billion stake in Standard Chartered PLC

About Istithmar:

Istithmar is an alternative investment house based in the United Arab Emirates. Established in 2003, Istithmar was created with the key mission of earning exceptional returns for its investors while maintaining due regard for risk.
Istithmar, which means investment in Arabic, applies global expertise with local insights to coordinate the appraisal and implementation of various opportunities. Istithmar's 'I' investment philosophy is based around three core principles -- Ideas, Inquiry & Integrity -- sets the foundation for the firm which has a broad portfolio of highly successful companies in markets from North America to Europe to Asia to the Middle East.

Istithmar's investment portfolio comprises over 30 successful companies with premium assets within financial services, consumer, industrial and real estate sectors, in addition to investing in hedge funds, listed equities and alternative investment projects. The company's equity investment exceeds US$ 1.8 billion across markets ranging from North America to the Far East.

For further information, please contact:
Ghada Kammoun/Mohamed Tahboub,
PanGulf PR,
Tel: +9714-295 3456
Fax: +9714-295 1027;

Arwa Hamdieh, Marketing & Communication Director
Istithmar
Tel. +9714-368 0799
Fax. +9714-390 3818

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