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FINANCIAL NEWS
Investcorp plans to make its first investment in Bahrain
23 Sep 2014
(MENAFN) Bahrain-based Investcorp, an alternative investment manager, announced it is planning to make its first-ever investments in Bahrain within the next few years, Gulf Daily News reported.
The company, which currently has more than USD11 billion of assets under its management, said they are looking into different sectors in Bahrain to invest in such as industrials, education, healthcare and retail.
The company also announced its financial result for the fiscal year, which ended June 30, registering a 25 percent growth in net income to reach USD312 million.
“We have raised USD7 billion in new funds from investors globally over the five years, USD2.5 billion of which has been invested by Gulf-based clients in deal-by-deal offerings with the remaining USD4.5 billion being allocated to hedge funds. Our deals have been in multiple sectors and asset classes to diversify risk and optimize return potential for our clients.” Investcorp’s CEO said.
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