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FINANCIAL NEWS
Invest AD, SBI Holdings invest USD100m in Turkey
24 May 2011
(MENAFN) Invest AD, an Abu Dhabi owned firm, and Japanese SBI Holdings stated that they will invest USD100 million in a private equity fund located in Turkey and focused on acquisitions there, reported Arabian Business.
The companies also said that the USD100 million would be accumulated by each company providing half of the amount.
The two firms added that the new joint venture would be focus on deals related to consumer goods, services, pharmaceuticals, healthcare and retail.
It is worth noting that Invest AD is an Abu Dhabi Investment Council-owned firm that focuses on business in countries close to the UAE, while SBI is a financial services firm based in Tokyo, Japan.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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