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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.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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