Thu, Nov 14, 2019
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Category | Private Equity more

PE firm buys 6.6 pct of Jordan Dubai Islamic Bank

Posted on 10 September 2012 by Laxman  |  Email|Print

Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank’s second largest stakeholder, Foursan said on Thursday.
The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank’s board because the term of the current board has yet to expire, Foursan’s vice-president Jameel Anz told Reuters………………………………………..Full Article: Source

PE firm buys 6.6 pct of Jordan Dubai Islamic Bank

Posted on 07 September 2012 by Laxman  |  Email|Print

Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank’s second largest stakeholder, Foursan said on Thursday.
The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank’s board because the term of the current board has yet to expire, Foursan’s vice-president Jameel Anz told Reuters………………………………………..Full Article: Source

Malaysia: Islamic private-equity boost

Posted on 12 June 2012 by Laxman  |  Email|Print

Islamic private-equity investments are poised to quadruple in Malaysia to US$3.1 billion (RM9.8 billion) in five years on government incentives, according to the industry’s biggest fund manager.
CIMB Islamic Bank Bhd, which oversees RM1.7 billion of funds that invest in unlisted companies, is handling more cash for state institutions and benefiting from tax exemptions on fees until 2016, chief executive officer Badlisyah Abdul Ghani said. Syariah-compliant regulations and fund-raising options are developed enough to support growth in the market, which has about RM2.5 billion in assets, he said………………………………………..Full Article: Source

R&D and innovation needed to spur Islamic private equity, venture capital industries

Posted on 28 March 2012 by Laxman  |  Email|Print

A large involvement of research and development and innovation in businesses are required to spur the growth in Islamic private equity (PE) and venture capital (VC) market in Malaysia, says an Islamic Strategic Counsel.
Zaid Hamzah, who is the only Malaysian author for Islamic PE and VC books, said “these industries were not well matured yet although the infrastructure has been well established.”……………………………………….Full Article: Source

Qatar First Investment Bank highlights changing trends of Islamic Private Equity

Posted on 02 November 2011 by Laxman  |  Email|Print

The recent global financial crises has changed the sentiment for finance and investments. An increased appetite for Islamic Private Equity has surfaced with its own challenges and trends. Joined by over 50 expert regional and global speakers, Ihab Asali, QFIB Head of Private Equity addressed the global rise of Islamic Private Equity at the recently concluded Islamic Investment and Finance Forum, in Istanbul, Turkey.
“The growth of Islamic Private Equity comes at a time when there is a controversy over the credibility of the conventional financial system. Islamic Private Equity is the purest form of Shari’ah-compliant financing since it is structured on a partnership basis. We will continue to see an increased focus on the value and potential contribution of Islamic Private Equity as new markets emerge,” said Ihab Asali, QFIB Head of Private Equity. (Press Release)

Islamic finance practioners should explore JV in private equity asset management

Posted on 05 October 2011 by Laxman  |  Email|Print

Islamic finance practitioners should explore joint ventures and synergistic collaboration with established global brands in private equity and asset management industries, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
He said this would be the most efficient way to move forward as local players have significant value proposition to make such alliances attractive to their foreign counterparts……………………………………….Full Article: Source

“Islamic PE investors duped”

Posted on 12 September 2011 by Laxman  |  Email|Print

Islamic private equity has been a rip-off over the last 10 years, where: “much of it was fraudulent, or nearly so. Investors were duped. A lot of money was lost on one side, but gained unscrupulously on the other,” so says John Sandwick, a Geneva-based Islamic wealth and asset management specialist.
Sandwick thinks that the growth of Islamic private equity to a $50bn industry by the end of 2007 was a product of abundant cheap credit thrown around in the run up to the global financial collapse which led to the formation of a vast bubble……………………………………….Full Article: Source

CapAsia invests in wind parks in Pakistan

Posted on 22 March 2011 by Laxman  |  Email|Print

CapAsia, a private equity fund jointly set up by CIMB Group and Standard Bank Group, has signed a participation agreement to provide US$20.5 million (US$1=RM3.01) in equity capital to two wind parks in Pakistan.
The equity fund, which specialises in mid-capitalised infrastructure investments in South-East Asia and Central Asia, has signed the agreement via its Islamic Infrastructure Fund (IIF)……………………………………….Full Article: Source

Islamic private equity onthe rise, hurdles remain

Posted on 14 February 2011 by Laxman  |  Email|Print

From Gulf-times.com: Demand for Islamic private equity in Gulf Arab states is on the rise among investors who value its more prudent debt approach and its flexibility in structuring deals, even though the sector faces hurdles in the form of a shortage of qualified professionals and restrictions in its investments options.
The global Islamic finance industry-widely valued at $1tn-is booming and whetting the appetite of many financial institutions in the Gulf region, which want to tap new revenue streams against a backdrop of slower growth and subdued lending……………………………………….Full Article: Source

Islamic private equity on the rise, hurdles remain

Posted on 28 January 2011 by Laxman  |  Email|Print

From Zawya Dow Jones: Demand for Islamic private equity in oil-rich Gulf Arab states is on the rise among investors who value its more prudent debt approach and its flexibility in structuring deals, even though the sector faces hurdles in the form of a shortage of qualified professionals and restrictions in its investments options.
The global Islamic finance industry–widely valued at $1 trillion–is booming and whetting the appetite of many financial institutions in the Arab Gulf region, which want to tap new revenue streams against a backdrop of slower growth and subdued lending……………………………………….Full Article: Source

Abraaj plans $533mln Saudi investment platform

Posted on 25 January 2011 by Laxman  |  Email|Print

From Tradearabia.com: Abraaj Capital, a leading private equity firm in the region, has announced plans to initiate a SR2 billion ($533.3 million) investment platform dedicated exclusively to investing in Saudi Arabia.
Abraaj and Saudi Arabian General Investment Authority (Sagia), which serves as the gateway to investment in Saudi Arabia, jointly announced this landmark initiative on the sidelines of the 5th Global Competitiveness Forum (GCF) being convened by Sagia……………………………………….Full Article: Source

Mena private equity deals surge to $933mln

Posted on 24 January 2011 by Laxman  |  Email|Print

From Tradearabia.com: The value of private equity deals in Mena region rose to $993 million in 2010, compared to $680 million the previous year with the UAE topping the list in terms of the number and value of deals brokered, said a report.
The most popular sector for private equity investment was Information Technology, with seven deals, while the media and consumer-related sectors also saw the completion of four deals each followed by health sector with three, said Al Masah Capital in its report……………………………………….Full Article: Source

Book review: Shariah-compliant private equity: A primer for the executive

Posted on 19 November 2010 by Laxman  |  Email|Print

This book is the 1st English language contribution to the global Islamic finance literature which is focused solely on Islamic private equity. Given the success of conventional private equity players and their demise during the credit crisis, it is instructive for executives of all levels to see how Islamic private equity can assist their businesses while avoiding the faultlines that led to recent demise of the conventional private equity system.
Shariah-Compliant Private Equity, comprised of 10 chapters and 20 private equity case studies, is designed for the executive who wishes to access Shari’a-compliant private equity, launch a private equity fund, convert an existing fund into an Islamic equivalent, identify potential partners in the global private equity space, or simply to understand more about this type of private equity……………………………………….Full Press Release: Source

Lower asset prices lure Shariah funds

Posted on 01 November 2010 by Laxman  |  Email|Print

From Gulf-times.com: Islamic private equity funds in the Arabian Gulf plan to take advantage of lower asset prices after the property market in Dubai tumbled as much as 50% from its peak in 2008.
“We want to take advantage of massive dislocations that have taken place in this market over the past three years,” Yahya Jalil, director of private equity at Abu Dhabi-based investment and advisory company The National Investor, said in an interview on October 18. “We have gotten over that hump in the cycle when there were a lot of liquidity constraints.”……………………………………Full Article: Source

Distressed deals alluring for Shariah funds

Posted on 28 October 2010 by Laxman  |  Email|Print

From Bloomberg: Islamic private equity funds in the Persian Gulf plan to take advantage of lower asset prices after the property market in Dubai tumbled as much as 50 percent from its peak in 2008.
“We want to take advantage of massive dislocations that have taken place in this market over the past three years,” Yahya Jalil, director of private equity at Abu Dhabi-based investment and advisory company The National Investor, said………………………………………Full Article: Source

Islamic private equity firms encouraged to revisit their business model

Posted on 04 October 2010 by Laxman  |  Email|Print

From Zawya.com: Islamic private equity firms face a reality check post the financial crises, said Ashar Nazim, Director and Head of Islamic Financial Services at Ernst and Young, speaking today at the Islamic Financial Services Board summit, titled Business Models in Islamic Finance - Challenges and Opportunities in Bahrain.
Liquidity and credit surge during the past decade saw mushrooming of investment firms across emerging markets pursuing private equity business………………………………………..Full Article: Source

Gulf investors explore Europe sukuk options

Posted on 06 September 2010 by Laxman  |  Email|Print

From Gulf-times.com: Millennium Private Equity, a Dubai government-linked investment company with about $5bn in capital, plans to use Islamic financing for venture capital in Europe after buying the first corporate sukuk in the UK.
Millennium, part-owned by Dubai Islamic Bank, the UAE’ largest Shariah-compliant bank, bought $10mn of four-year convertible notes in July that were sold by International Innovative Technologies, a clean energy company in Gateshead………………………………………..Full Article: Source

Dubai private equity buys in Europe with Sukuk

Posted on 03 September 2010 by Laxman  |  Email|Print

From Bloomberg: illennium Private Equity Ltd., a Dubai government-linked investment company with about $5 billion in capital, plans to use Islamic financing for venture capital in Europe after buying the first corporate sukuk in the U.K.
Millennium, part-owned by Dubai Islamic Bank PJSC, the United Arab Emirates’ largest Shariah-compliant bank, bought $10 million of four-year convertible notes in July that were sold by International Innovative Technologies Ltd., a clean energy company in Gateshead……………………………………….Full Article: Source

Qatar bank eyes more PE deals in Turkey

Posted on 31 August 2010 by Laxman  |  Email|Print

From Tradearabia.com: Qatar First Investment Bank’s (QFIB) private equity arm hopes to close a second deal in Turkey and is working on two other transactions in its home market, deputy chief executive Emad Mansour said on Monday.
Privately owned QFIB announced last week that it had acquired a 40 per cent stake in Turkey’s second-largest healthcare provider, Memorial Health Group, in a joint venture with London-based private equity house Argus Capital……………………………………….Full Article: Source

Gold bullion and Islamic private equity: Protection and production, Shahzad Siddiqui & Toby Birch

Posted on 31 August 2010 by Laxman  |  Email|Print

From Opalesque: Shahzad Siddiqui is a Toronto-based lawyer and Chief Legal Officer at Broadwater Capital Inc, a Toronto-based Islamic finance firm. He was previously an investment banker at Ittihad Securities, an Islamic private equity firm in the same city. He is an author of several Euromoney publications including Sovereign Sukuk, co-written with a manager at the Ontario Financing Authority, and Fruits of the Orchard: Endowments for Mosques and Islamic Charitable Organisations in Western and Muslim Lands.
Toby Birch is Managing Director of Oppenheim and Co Limited (investment management) and Guernsey Gold Limited (bullion dealing). He is a Chartered Fellow of the Chartered Institute for Securities and Investment and also hold’s the Institute’s Islamic Finance Qualification. He is author of The Final Crash, one of the most prescient predictions of the credit crisis published in May 2007. He was previously CEO at Blackfish Capital Holdings where he managed a resources-based hedge fund and senior investment manager at Bank Julius Baer in Guernsey……………………………………….Full Article: Source

Middle East private equity fails to attract Islamic funds

Posted on 23 August 2010 by Laxman  |  Email|Print

Amjad AhmadFrom Gulf-times.com: Private equity is falling behind other rival asset classes in the Middle East in the competition to attract Islamic money. Head of Middle East structuring at Deutsche Bank Hussein A Hassan says many Islamic banks won’t commit capital due to the long-term and illiquid nature of many of the region’s private equity funds and their levels of debt liability.
“Islamic banks cannot invest in private equity funds in a meaningful way even though private equity is as close as one can get to pure or real Islamic finance,” said Hassan……………………………………Full Article: Source

MENA private equity activity declined in 2009 but set to rebound in 2010

Posted on 21 July 2010 by Laxman  |  Email|Print

From Menareport.com: Private equity in the Middle East witnessed a decline in 2009, with fund managers raising only US$1.06 billion compared to a near-record US$5.4 billion in 2008 according to the 4th annual Private Equity& Venture Capital in the Middle East report released by the Gulf Venture Capital Association (GVCA) in collaboration with KPMG and Zawya.
Private equity investments have also regressed from $2.72 billion in 2008 to $561 million in 2009. Private equity investments globally as well as regionally were affected by the cautious investment environment as a result of the continued recession in 2009……………………………………….Full Article: Source

StanChart eyes ME private equity deals in 2010

Posted on 16 July 2010 by Laxman  |  Email|Print

From Tradearabia.com: Standard Chartered expects to complete private equity deals in the Middle East in 2010, but sees the unhealthy IPO market and a price expectation gap between buyers and sellers as barriers to the sector’s revival.
Taimoor Labib, recently named head of the emerging markets-focused British bank’s private equity business for the Mena region and Turkey, is eyeing opportunities in the manufacturing, health and retail sectors with a focus on the UAE and Saudi Arabia……………………………………….Full Article: Source

PE firms eye Emirates NBD unit stake

Posted on 14 July 2010 by Laxman  |  Email|Print

From Tradearabia.com: At least three private equity firms have bid for a minority stake in Network International, the Dubai payment company owned by Emirates NBD, with a decision seen by mid-August at the earliest, sources said.
A deal could take longer to conclude, however, as Emirates NBD is still undecided on how much and when to sell a stake in the business, two banking sources told Reuters on Tuesday……………………………………….Full Article: Source

KFH to tap private equity mart in Malaysia

Posted on 05 July 2010 by Laxman  |  Email|Print

From Btimes.com.my: Kuwait Finance House (Malaysia) Bhd (KFH), a global Islamic bank, is strengthening its asset management portfolio to tap the potential private equity market in Malaysia, driven by a recovering economy and possible increase in merger and acquisition (M&A) activities over the next 12 months.
KFH Asset Management Sdn Bhd’s (KFHAM) head of private equity, Lew Oon Yew, said the group believes that over the next 12 to 15 months, there will be two areas in which KFH private equity can participate: helping companies in their expansion plans and M&A activities. ………………………………………Full Article: Source

Invest AD to launch Middle East PE fund

Posted on 02 June 2010 by Laxman  |  Email|Print

From Tradearabia.com: Invest AD, which manages investments for the Abu Dhabi government and institutional investors, said it was launching a private equity fund to invest in the Middle East.
Meanwhile, Invest AD’s Hong Kong partner will close subscriptions for a separate Middle East stock fund in June……………………………………….Full Article: Source

BEE funding models: The Islamic option

Posted on 30 April 2010 by Laxman  |  Email|Print

From Fm.co.za: South Africa-based private equity firm ScandCo Capital Partners believes a model based on the principles of Islamic finance could be the solution. The Islamic model, which is a private equity arrangement, does not allow debt and is therefore a practical alternative, says ScandCo CEO Shukri Cornelius.

Using this model, cash-strapped BEE partners would not be expected to outlay capital if share prices lost a chunk of their value. “Funding extended using the principles of Islamic finance would make a deal completely free of risk and uncertainty,” says Cornelius. It’s a factor that BEE partners in recent collapsed deals have been eyeing with interest…………………………………..Full Article: Source

DIC to continue Almatis debt revamp efforts

Posted on 14 April 2010 by Laxman  |  Email|Print

From Arabianbusiness.com: Private equity fund Dubai International Capital (DIC) said it would continue to seek a refinancing of the debt of German aluminium firm Almatis despite an adverse Dutch court decision.

In a statement, DIC said: “The decision by the Enterprise Chamber of the Amsterdam Court of Appeal not to grant an injunction does not affect DIC’s ability or intention to pursue a refinancing of Almatis.”………………………………..Full Article: Source

PE firms to set up offices in Kingdom

Posted on 13 April 2010 by Laxman  |  Email|Print

From Arabnews.com: Foreign-based financial firms have indicated their desire to set up their offices in Saudi Arabia. “The reason for this is the bright prospects for the private equity industry (PE) in Saudi Arabia. PE is needed by growing local companies to enable them to cross the ‘debt valley’,” said Ahmed M. Al-Sari, executive partner at Malaz Capital.
Many say that the Kingdom will be the next big private equity market in the Middle East and North Africa (MENA) region………………………………..Full Article: Source

Rasmala PE fund eyes Saudi investments

Posted on 12 April 2010 by Laxman  |  Email|Print

From Tradearabia.com: Dubai-based investment bank Rasmala Investments plans to spend about one-third of proceeds from a planned private equity fund for investments in Saudi Arabia within the next four years, its chief executive said.

Rasmala plans to close this year a private equity fund with a target of $350 million, which is focused on investing in the Gulf countries and Egypt……………………………….Full Article: Source

Kingdom seen to be next big private equity market

Posted on 12 April 2010 by Laxman  |  Email|Print

From Gulfbase.com: The region’s key players in the private equity industry are united in saying that Saudi Arabia is considered the next big market for private equity and venture capital investors. In fact, it is being projected that the Kingdom may become the center for private equity in the Middle East.

“The steady growth of population propels continuous infrastructure development, and infrastructure investments amounting to billions of dollars will be needed to fund this growth,” they said……………………………….Full Article: Source

Japan’s SBI Holdings, Brunei in private equity joint venture

Posted on 01 April 2010 by Laxman  |  Email|Print

From Brunei.fm: Japanese financial services provider SBI Holdings, Inc (SBIH) said it will form an alliance with Brunei’s Ministry of Finance to establish a fund management company expected to handle private equity funds, including Syariah-compliant vehicles.

SBIH of Japan and the ministry through its investment vehicle Brunei Global Islamic Investments Sendirian Berhad have agreed to jointly establish a fund management company, SBI Holdings said in a statement……………………………….Full Article: Source

Mideast private equity firms eye alternative to elusive bank lending

Posted on 18 March 2010 by Laxman  |  Email|Print

From Gulf-times.com: Private equity firms in the Middle East are looking at development financial institutions (DFIs) as an alternative to elusive bank lending, executives said yesterday.
“The change in mix of funding providers – more (reliant) on development financial institutions as opposed to Western commercial banks – is going to be the theme for private equity in 2010,” said Ahmed El Houssieny, managing director at Cairo-based Citadel Capital, at a conference in Dubai………………………………..Full Article: Source

Mideast private equity firms eye alternative to elusive bank lending

Posted on 17 March 2010 by Laxman  |  Email|Print

From Gulf-times.com: Private equity firms in the Middle East are looking at development financial institutions (DFIs) as an alternative to elusive bank lending, executives said yesterday.
“The change in mix of funding providers – more (reliant) on development financial institutions as opposed to Western commercial banks – is going to be the theme for private equity in 2010,” said Ahmed El Houssieny, managing director at Cairo-based Citadel Capital, at a conference in Dubai…………………………………….Full Article: Source

Private equity will lead next wave of growth

Posted on 17 March 2010 by Laxman  |  Email|Print

From Eyeofdubai.com: Regional private equity firms can help lead regional growth provided they have the right business models and skill sets, Citadel Capital Managing Director and Co-Founder Hisham El-Khazindar tells industry leaders at PEI’s Middle East Forum
Hisham El-Khazindar, Co-Founder and Managing Director of leading Middle East and Africa private equity firm Citadel Capital, joined a distinguished group of industry leaders in the Great Debate, the featured event Private Equity International (PEI)’s sixth annual Annual Middle East Forum, which opened today in Dubai…………………………………….Full Article: Source

UAE’s invest AD raising $400 mln PE fund

Posted on 02 March 2010 by Laxman  |  Email|Print

From Aawsat.com: Abu Dhabi investment firm Invest AD is seeking to raise $325 million from third-party investors for a $400 million private equity fund that will invest in North Africa and the Middle East (MENA), a senior executive said.

The fund, the second PE fund launched by Invest AD for the MENA region, aims to achieve a net internal rate of return of at least 25 percent, Invest AD’s head of private equity Samir Assaad told the Reuters Private Equity and Hedge Funds Summit……………………………………..Full Article: Source

Private equity boom seen for Islamic finance

Posted on 18 February 2010 by Laxman  |  Email|Print

From Reuters: Private equity will be a key growth engine for the Islamic finance industry, but fund managers need to better understand Sharia concepts before a market can develop, a top banker said on Wednesday.

Like most parts of the world, the private equity market in the Middle East came to a standstill in 2009 as liquidity conditions and deal opportunities dried up………………………………….Full Article: Source

Allocator Interview: Ahmed Muhammed Almanasreh, CEO, Sanad Islamic Investments

Posted on 10 February 2010 by Laxman  |  Email|Print

From Opalesque: Private Equity in the MENA region is still facing challenges as the financial crisis unfolds both globally and regionally. Figures from GVCA, KPMG 2008 annual report shows (Figure 1) an increase in size of funds raised in 2008 compared to those in 2007. However, as 2010 is emerging, de-leveraging continues and cash available for the finance of this industry is scarce. Fund managers are having a hard time closing announced funds and it is more difficult for new funds to raise capital.

It is further illustrated (Figure 2) that the VC industry is still facing more critical challenges. Although public and selected private organizations are trying to adopt and encourage establishment of western model of VC in the region, this industry is not bouncing back………………………………….Full Article: Source

Saudi, Turkey to lead ME private equity: Carlyle

Posted on 14 October 2009 by Laxman  |  Email|Print

From Tradearabia.com: Private equity activity in the wider Middle East region in the near future will be especially strong in Saudi Arabia and Turkey, a top executive of The Carlyle Group said on Tuesday.

‘The Gulf is not only a source of capital, I think it will be a source of dealflow,’ said David Rubenstein, co-founder and managing director at Carlyle, one of the world’s biggest private equity players…………………..Full Article: Source

ME private equity CEOs say worst is over

Posted on 13 October 2009 by Laxman  |  Email|Print

From Tradearabia.com: Private equity bosses in the Middle East say the worst of the financial crisis has passed, but improved capital and equity markets won’t immediately translate to large or numerous deals.
Executives at one of the industry’s largest conferences, Super Return Middle East, were cautiously optimistic about the region’s health and ability to rebound………………….Full Article: Source

BNP planning $300 mln Gulf PE fund

Posted on 15 September 2009 by Laxman  |  Email|Print

From Ethiopianreview.com: French bank BNP Paribas may raise up to $300 million for a private equity fund active in the Gulf Arab region to tap opportunities arising from the financial crisis.

BNP is looking to raise $150 million in the first phase by mid-October and possibly a further $150 million later, its regional chief executive, Jean-Christophe Durand, told reporters late on Monday………………Full Article: Source

BNP eyes $300 mln Gulf private equity fund

Posted on 09 September 2009 by Laxman  |  Email|Print

From Reuters: French bank BNP Paribas may raise up to $300 million for a private equity fund active in the Gulf Arab region to tap opportunities arising from the financial crisis.

BNP is looking to raise $150 million in the first phase by mid-October and possibly a further $150 million later, its regional chief executive, Jean-Christophe Durand, told reporters late on Monday……………Full Article: Source

Fire sales, M&A to lift Islamic private equity

Posted on 02 September 2009 by Laxman  |  Email|Print

From Reuters: The Islamic private equity market is expected to profit from distressed sellers dumping assets cheaply and from a rise in mergers and acquisitions, an executive at a sharia investment firm said on Tuesday.

Most Islamic private equity deals would be focused on the Middle East and North Africa, especially the Gulf, Rasameel Structured Finance said…………..Full Article: Source

Private PE firms in Mena buoyant for long term

Posted on 01 September 2009 by Laxman  |  Email|Print

From Business24-7.ae: Long-term prospects for the private equity sector in Mena region remain upbeat even as the industry expects activity to slow down further this year, research by Deloitte and Arbor Square showed.

More than 47 per cent of Middle Eastern and North African private equity firms surveyed in the study expect activity to increase in the next 12 months……………Full Article: Source

Islamic venture capital

Posted on 27 August 2009 by Laxman  |  Email|Print

From Ameinfo.com: If the Islamic private equity industry has failed to live up to its expectations then Islamic venture capital has followed the same path with even less spectacular results. Indeed discussion of Islamic venture capital is largely theoretical because real life examples are few and far between.
The government of Malaysia has done more than any other body to promote and define the industry and indeed has launched a fund, albeit a small $10m fund, to help show the way……………Full Article: Source

The origins of Islamic private equity in the Gulf

Posted on 13 August 2009 by Laxman  |  Email|Print

From Ameinfo.com: The Islamic private equity industry is a very young one and traces its roots back less than a decade. In 2003 Kuwait’s Global Investment
House appears to have been one of the first institutions to explore Islamic private equity through the launch of a Kuwaiti dinar denominated Private Equity Fund where the investments were channelled into little-known unlisted Kuwaiti companies…………Full Article: Source

Islamic private equity: An untapped opportunity

Posted on 07 August 2009 by Laxman  |  Email|Print

From Ameinfo.com: As the economies of the oil producing countries of the Middle East and North Africa (Mena) region have boomed over recent years most areas of finance have witnessed spectacular growth rates.

Islamic private equity, however, has not been a particularly large beneficiary of this growth. The reasons for this are hard to fathom……….Full Article: Source

GMFA says it is “cash rich and ready to spur growth”

Posted on 21 July 2009 by Laxman  |  Email|Print

From Cpifinancial.net: Global Mena Financial Assets Limited (GMFA), a private equity investment company listed on the London Stock Exchange and managed by the private equity arm of Global Investment House in Kuwait has announced a $167 million cash liquidity pool and claims it is comfortably positioned to benefit from high profile acquisition opportunities in the region.

The company said it holds investments in eight companies (two listed and six unlisted), with a total estimated market value of $257.3 million as of the end of last month…….Full Article: Source

HBG Holdings to pioneer Islamic investing on the AIM market

Posted on 15 July 2009 by Laxman  |  Email|Print

From Kippreport.com: HBG Holdings, a private equity investor and fund management business operating in the Middle East region, has today announced it will acquire strategic positions in companies listed on the Alternative Investment Market of the London Stock Exchange.

HBG, whose shareholders include some of the leading private and institutional investors from the Gulf, will invest from its Cayman based HBG Special Opportunities Fund I…….Full Article: Source

Private investors sell 49% stake in EIB to government

Posted on 30 June 2009 by Laxman  |  Email|Print

From Business24-7.ae: Private sector investors yesterday agreed to sell their 49 per cent stake in the Emirates Industrial Bank (EIB) to the Federal Government.

The Ministry of Finance previously owned 51 per cent of the bank and the government now becomes the sole owner. A number of investors held 49 per cent of the stake, who agreed unanimously to the sale……..Full Article: Source

banner
banner
banner
November 2019
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
252627282930