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FINANCIAL NEWS
Two more investment exits for Gulf Capital
13 Sep 2011
(MENAFN) Gulf Capital’s CEO, Karim el Solh said that the company will exit two more investments in 2012 following the company’s selling to its stake in Maritime Industrial Services to London-listed Lamprell Plc, reported Arabian business.
El solh said that the company plans two more exits by the end of 2012 and all the circumstances are appropriate for this exit.
Abu Dhabi’s company might seek trade buyers or a financial sale in case the market outlook was encouraging, Gulf Capital’s CEO further explained.
It is worth mentioning that the firm sold their stakes in Maritime Industrial Services for USD336 million to Lamprell.
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