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FINANCIAL NEWS
Bahrain-based Investcorp to buy 30 pct stake in Theeb
29 Sep 2013
(MENAFN) Investcorp, a Bahraini alternative investment manager, has bought a stake in Saudi-based Theeb Rent a Car and acquired the multi-channel US retailer Paper Source, according to Arab News.
Investcorp’s Gulf Opportunity Fund bought 30 percent of Theeb’s stake. The stake purchase is expected to play a significant role in making decisions.
Mohammed Al-Theeb, co-founder and chief executive of Theeb, commented: “We hope to achieve double-digit growth over the next five years.”
“With Investcorp’s active support, we believe we are well-positioned to consolidate our position and acquire further market share,” he added.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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