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FINANCIAL NEWS
Investcorp sells Skrill Group
20 Aug 2013
(MENAFN) Bahrain-based Investcorp announced an agreement to sell Skrill Group to CVC Capital Partners for USD800 million. According to the agreement, Investcorp will keep a seat in Skrill’s board in addition to a small position in the company, Saudi Gazette reported.
In March 2007, the provider of alternative investment products acquired a controlling stake in Skrill by investing USD33.3 million in the company.
“Skrill has been a high-quality investment for Investcorp. We are proud to have supported the management from the beginning of our partnership and happy to have helped them build a strong presence within the online payment and digital wallet platforms worldwide,” President for Gulf Business at Investcorp, Mohammed Al-Shroogi, said.
Skrill Group provides online payment systems and is one of the world’s largest digital wallets catering 36 million accounts. The Skrill Digital Wallet allows account holder to make online payments safely and conveniently.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
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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