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FINANCIAL NEWS
Bahrain’s Investcorp to spend USD400m on Turkish, Gulf stakes
22 Nov 2011
(MENAFN) Bahrain’s Investcorp said that during the next two years, the firm would spend more than USD400 million on stakes in Turkish and Arab Gulf companies, reported Arab News.
The alternative investment manager added that since the company’s launch in 2008, Investcorp sealed 4 private equity sales in the Middle East, North Africa and Turkey.
It also said that the company’s USD1 billion Gulf Opportunities Fund I was in advance talks with 4-5 companies which were seen as a potential target, on the other hand, the company announced this month that it bought 3 real estate assets in the US for US100 million, totaling its purchases in the country to 8 during the current year with a combined value of USD300 million.
It is worth noting that three years ago, Investcorp invested USD98 million in Redington Gulf, a regional distributor and service provider of IT and telecom products.
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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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