Opalesque Islamic Finance Briefing » Private Equity http://www.opalesque.com/IslamicFinance_Briefing Mon, 26 Aug 2013 06:56:06 +0000 http://wordpress.org/?v=2.6 en PE firm buys 6.6 pct of Jordan Dubai Islamic Bank http://www.opalesque.com/IslamicFinance_Briefing/?p=17909 http://www.opalesque.com/IslamicFinance_Briefing/?p=17909#comments Mon, 10 Sep 2012 01:26:50 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=17909 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=17909>Article Link</a> 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

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PE firm buys 6.6 pct of Jordan Dubai Islamic Bank http://www.opalesque.com/IslamicFinance_Briefing/?p=17893 http://www.opalesque.com/IslamicFinance_Briefing/?p=17893#comments Thu, 06 Sep 2012 23:51:19 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=17893 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=17893>Article Link</a> 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

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Malaysia: Islamic private-equity boost http://www.opalesque.com/IslamicFinance_Briefing/?p=16857 http://www.opalesque.com/IslamicFinance_Briefing/?p=16857#comments Tue, 12 Jun 2012 00:35:06 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=16857 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=16857>Article Link</a> 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

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R&D and innovation needed to spur Islamic private equity, venture capital industries http://www.opalesque.com/IslamicFinance_Briefing/?p=15839 http://www.opalesque.com/IslamicFinance_Briefing/?p=15839#comments Wed, 28 Mar 2012 00:23:35 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=15839 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=15839>Article Link</a> 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

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Qatar First Investment Bank highlights changing trends of Islamic Private Equity http://www.opalesque.com/IslamicFinance_Briefing/?p=14182 http://www.opalesque.com/IslamicFinance_Briefing/?p=14182#comments Wed, 02 Nov 2011 00:40:40 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=14182 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=14182>Article Link</a> 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)

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Islamic finance practioners should explore JV in private equity asset management http://www.opalesque.com/IslamicFinance_Briefing/?p=13822 http://www.opalesque.com/IslamicFinance_Briefing/?p=13822#comments Wed, 05 Oct 2011 01:15:07 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=13822 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=13822>Article Link</a> 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

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“Islamic PE investors duped” http://www.opalesque.com/IslamicFinance_Briefing/?p=13542 http://www.opalesque.com/IslamicFinance_Briefing/?p=13542#comments Mon, 12 Sep 2011 00:18:14 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=13542 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=13542>Article Link</a> 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

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CapAsia invests in wind parks in Pakistan http://www.opalesque.com/IslamicFinance_Briefing/?p=11307 http://www.opalesque.com/IslamicFinance_Briefing/?p=11307#comments Tue, 22 Mar 2011 00:20:34 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=11307 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=11307>Article Link</a> 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

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Islamic private equity onthe rise, hurdles remain http://www.opalesque.com/IslamicFinance_Briefing/?p=10884 http://www.opalesque.com/IslamicFinance_Briefing/?p=10884#comments Mon, 14 Feb 2011 00:51:56 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=10884 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=10884>Article Link</a> 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

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Islamic private equity on the rise, hurdles remain http://www.opalesque.com/IslamicFinance_Briefing/?p=10680 http://www.opalesque.com/IslamicFinance_Briefing/?p=10680#comments Fri, 28 Jan 2011 00:43:59 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=10680 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=10680>Article Link</a> 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

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Abraaj plans $533mln Saudi investment platform http://www.opalesque.com/IslamicFinance_Briefing/?p=10629 http://www.opalesque.com/IslamicFinance_Briefing/?p=10629#comments Tue, 25 Jan 2011 01:10:07 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=10629 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=10629>Article Link</a> 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

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Mena private equity deals surge to $933mln http://www.opalesque.com/IslamicFinance_Briefing/?p=10612 http://www.opalesque.com/IslamicFinance_Briefing/?p=10612#comments Mon, 24 Jan 2011 01:21:10 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=10612 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=10612>Article Link</a> 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

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Book review: Shariah-compliant private equity: A primer for the executive http://www.opalesque.com/IslamicFinance_Briefing/?p=10003 http://www.opalesque.com/IslamicFinance_Briefing/?p=10003#comments Fri, 19 Nov 2010 00:54:11 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=10003 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=10003>Article Link</a> 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

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Lower asset prices lure Shariah funds http://www.opalesque.com/IslamicFinance_Briefing/?p=9820 http://www.opalesque.com/IslamicFinance_Briefing/?p=9820#comments Mon, 01 Nov 2010 00:14:27 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9820 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9820>Article Link</a> 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

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Distressed deals alluring for Shariah funds http://www.opalesque.com/IslamicFinance_Briefing/?p=9782 http://www.opalesque.com/IslamicFinance_Briefing/?p=9782#comments Thu, 28 Oct 2010 01:22:56 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9782 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9782>Article Link</a> 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

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Islamic private equity firms encouraged to revisit their business model http://www.opalesque.com/IslamicFinance_Briefing/?p=9457 http://www.opalesque.com/IslamicFinance_Briefing/?p=9457#comments Mon, 04 Oct 2010 01:29:05 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9457 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9457>Article Link</a> 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

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Gulf investors explore Europe sukuk options http://www.opalesque.com/IslamicFinance_Briefing/?p=9130 http://www.opalesque.com/IslamicFinance_Briefing/?p=9130#comments Mon, 06 Sep 2010 00:14:41 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9130 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9130>Article Link</a> 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

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Dubai private equity buys in Europe with Sukuk http://www.opalesque.com/IslamicFinance_Briefing/?p=9114 http://www.opalesque.com/IslamicFinance_Briefing/?p=9114#comments Fri, 03 Sep 2010 00:35:26 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9114 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9114>Article Link</a> 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

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Qatar bank eyes more PE deals in Turkey http://www.opalesque.com/IslamicFinance_Briefing/?p=9060 http://www.opalesque.com/IslamicFinance_Briefing/?p=9060#comments Tue, 31 Aug 2010 00:02:16 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9060 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9060>Article Link</a> 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

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Gold bullion and Islamic private equity: Protection and production, Shahzad Siddiqui & Toby Birch http://www.opalesque.com/IslamicFinance_Briefing/?p=9053 http://www.opalesque.com/IslamicFinance_Briefing/?p=9053#comments Tue, 31 Aug 2010 00:00:27 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=9053 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=9053>Article Link</a> 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

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Middle East private equity fails to attract Islamic funds http://www.opalesque.com/IslamicFinance_Briefing/?p=8959 http://www.opalesque.com/IslamicFinance_Briefing/?p=8959#comments Mon, 23 Aug 2010 00:07:41 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=8959 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=8959>Article Link</a> post thumbnail

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

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MENA private equity activity declined in 2009 but set to rebound in 2010 http://www.opalesque.com/IslamicFinance_Briefing/?p=8507 http://www.opalesque.com/IslamicFinance_Briefing/?p=8507#comments Wed, 21 Jul 2010 00:30:27 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=8507 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=8507>Article Link</a> 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

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StanChart eyes ME private equity deals in 2010 http://www.opalesque.com/IslamicFinance_Briefing/?p=8436 http://www.opalesque.com/IslamicFinance_Briefing/?p=8436#comments Fri, 16 Jul 2010 00:50:55 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=8436 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=8436>Article Link</a> 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

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PE firms eye Emirates NBD unit stake http://www.opalesque.com/IslamicFinance_Briefing/?p=8395 http://www.opalesque.com/IslamicFinance_Briefing/?p=8395#comments Wed, 14 Jul 2010 01:05:16 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=8395 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=8395>Article Link</a> 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

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KFH to tap private equity mart in Malaysia http://www.opalesque.com/IslamicFinance_Briefing/?p=8274 http://www.opalesque.com/IslamicFinance_Briefing/?p=8274#comments Sun, 04 Jul 2010 23:39:43 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=8274 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=8274>Article Link</a> 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

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Invest AD to launch Middle East PE fund http://www.opalesque.com/IslamicFinance_Briefing/?p=7899 http://www.opalesque.com/IslamicFinance_Briefing/?p=7899#comments Wed, 02 Jun 2010 00:39:06 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7899 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7899>Article Link</a> 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

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BEE funding models: The Islamic option http://www.opalesque.com/IslamicFinance_Briefing/?p=7485 http://www.opalesque.com/IslamicFinance_Briefing/?p=7485#comments Fri, 30 Apr 2010 00:34:34 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7485 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7485>Article Link</a> 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

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DIC to continue Almatis debt revamp efforts http://www.opalesque.com/IslamicFinance_Briefing/?p=7248 http://www.opalesque.com/IslamicFinance_Briefing/?p=7248#comments Wed, 14 Apr 2010 02:44:32 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7248 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7248>Article Link</a> 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

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PE firms to set up offices in Kingdom http://www.opalesque.com/IslamicFinance_Briefing/?p=7217 http://www.opalesque.com/IslamicFinance_Briefing/?p=7217#comments Tue, 13 Apr 2010 02:27:38 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7217 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7217>Article Link</a> 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

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Rasmala PE fund eyes Saudi investments http://www.opalesque.com/IslamicFinance_Briefing/?p=7204 http://www.opalesque.com/IslamicFinance_Briefing/?p=7204#comments Mon, 12 Apr 2010 02:07:16 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7204 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7204>Article Link</a> 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

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Kingdom seen to be next big private equity market http://www.opalesque.com/IslamicFinance_Briefing/?p=7203 http://www.opalesque.com/IslamicFinance_Briefing/?p=7203#comments Mon, 12 Apr 2010 02:06:57 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7203 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7203>Article Link</a> 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

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Japan’s SBI Holdings, Brunei in private equity joint venture http://www.opalesque.com/IslamicFinance_Briefing/?p=7081 http://www.opalesque.com/IslamicFinance_Briefing/?p=7081#comments Thu, 01 Apr 2010 00:25:12 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=7081 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=7081>Article Link</a> 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

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Mideast private equity firms eye alternative to elusive bank lending http://www.opalesque.com/IslamicFinance_Briefing/?p=6875 http://www.opalesque.com/IslamicFinance_Briefing/?p=6875#comments Thu, 18 Mar 2010 01:26:19 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6875 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6875>Article Link</a> 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

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Mideast private equity firms eye alternative to elusive bank lending http://www.opalesque.com/IslamicFinance_Briefing/?p=6853 http://www.opalesque.com/IslamicFinance_Briefing/?p=6853#comments Wed, 17 Mar 2010 01:38:04 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6853 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6853>Article Link</a> 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

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Private equity will lead next wave of growth http://www.opalesque.com/IslamicFinance_Briefing/?p=6852 http://www.opalesque.com/IslamicFinance_Briefing/?p=6852#comments Wed, 17 Mar 2010 01:37:44 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6852 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6852>Article Link</a> 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

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UAE’s invest AD raising $400 mln PE fund http://www.opalesque.com/IslamicFinance_Briefing/?p=6617 http://www.opalesque.com/IslamicFinance_Briefing/?p=6617#comments Tue, 02 Mar 2010 01:26:59 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6617 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6617>Article Link</a> 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

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Private equity boom seen for Islamic finance http://www.opalesque.com/IslamicFinance_Briefing/?p=6459 http://www.opalesque.com/IslamicFinance_Briefing/?p=6459#comments Thu, 18 Feb 2010 01:11:47 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6459 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6459>Article Link</a> post thumbnail

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

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Allocator Interview: Ahmed Muhammed Almanasreh, CEO, Sanad Islamic Investments http://www.opalesque.com/IslamicFinance_Briefing/?p=6293 http://www.opalesque.com/IslamicFinance_Briefing/?p=6293#comments Wed, 10 Feb 2010 01:09:25 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=6293 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=6293>Article Link</a> 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

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Saudi, Turkey to lead ME private equity: Carlyle http://www.opalesque.com/IslamicFinance_Briefing/?p=4597 http://www.opalesque.com/IslamicFinance_Briefing/?p=4597#comments Wed, 14 Oct 2009 00:13:13 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=4597 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=4597>Article Link</a> 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

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ME private equity CEOs say worst is over http://www.opalesque.com/IslamicFinance_Briefing/?p=4563 http://www.opalesque.com/IslamicFinance_Briefing/?p=4563#comments Tue, 13 Oct 2009 00:56:37 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=4563 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=4563>Article Link</a> 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

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BNP planning $300 mln Gulf PE fund http://www.opalesque.com/IslamicFinance_Briefing/?p=4176 http://www.opalesque.com/IslamicFinance_Briefing/?p=4176#comments Tue, 15 Sep 2009 01:14:46 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=4176 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=4176>Article Link</a> 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

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BNP eyes $300 mln Gulf private equity fund http://www.opalesque.com/IslamicFinance_Briefing/?p=4114 http://www.opalesque.com/IslamicFinance_Briefing/?p=4114#comments Wed, 09 Sep 2009 00:44:04 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=4114 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=4114>Article Link</a> 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

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Fire sales, M&A to lift Islamic private equity http://www.opalesque.com/IslamicFinance_Briefing/?p=4017 http://www.opalesque.com/IslamicFinance_Briefing/?p=4017#comments Wed, 02 Sep 2009 00:32:57 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=4017 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=4017>Article Link</a> 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

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Private PE firms in Mena buoyant for long term http://www.opalesque.com/IslamicFinance_Briefing/?p=3994 http://www.opalesque.com/IslamicFinance_Briefing/?p=3994#comments Tue, 01 Sep 2009 00:04:53 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3994 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3994>Article Link</a> 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

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Islamic venture capital http://www.opalesque.com/IslamicFinance_Briefing/?p=3935 http://www.opalesque.com/IslamicFinance_Briefing/?p=3935#comments Thu, 27 Aug 2009 01:06:44 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3935 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3935>Article Link</a> 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

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The origins of Islamic private equity in the Gulf http://www.opalesque.com/IslamicFinance_Briefing/?p=3747 http://www.opalesque.com/IslamicFinance_Briefing/?p=3747#comments Thu, 13 Aug 2009 01:39:37 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3747 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3747>Article Link</a> 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

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Islamic private equity: An untapped opportunity http://www.opalesque.com/IslamicFinance_Briefing/?p=3672 http://www.opalesque.com/IslamicFinance_Briefing/?p=3672#comments Fri, 07 Aug 2009 03:41:53 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3672 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3672>Article Link</a> 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

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GMFA says it is “cash rich and ready to spur growth” http://www.opalesque.com/IslamicFinance_Briefing/?p=3420 http://www.opalesque.com/IslamicFinance_Briefing/?p=3420#comments Tue, 21 Jul 2009 03:28:36 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3420 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3420>Article Link</a> 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

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HBG Holdings to pioneer Islamic investing on the AIM market http://www.opalesque.com/IslamicFinance_Briefing/?p=3349 http://www.opalesque.com/IslamicFinance_Briefing/?p=3349#comments Wed, 15 Jul 2009 03:07:23 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3349 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3349>Article Link</a> 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

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Private investors sell 49% stake in EIB to government http://www.opalesque.com/IslamicFinance_Briefing/?p=3131 http://www.opalesque.com/IslamicFinance_Briefing/?p=3131#comments Tue, 30 Jun 2009 03:59:18 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3131 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3131>Article Link</a> 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

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Syria eyes $30 bln foreign investments-FinMin http://www.opalesque.com/IslamicFinance_Briefing/?p=3097 http://www.opalesque.com/IslamicFinance_Briefing/?p=3097#comments Fri, 26 Jun 2009 04:21:38 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=3097 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=3097>Article Link</a> From Reuters: Syria expects to attract $30 billion of foreign private investment in the next five years, as it encourages Islamic banking development and opens up its economy, the finance minister said on Thursday.

The government is “serious” about supporting the development of Islamic finance in the country which has partially opened to private enterprise after decades of nationalisation and state control, Mohammad Al-Hussein told Reuters……..Full Article: Source

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Al Salam unit to focus on European private equity http://www.opalesque.com/IslamicFinance_Briefing/?p=2963 http://www.opalesque.com/IslamicFinance_Briefing/?p=2963#comments Fri, 19 Jun 2009 03:29:43 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2963 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2963>Article Link</a> From Gulf-daily-news.com: The European subsidiary of Al Salam Bank-Bahrain, which last week bought prime real estate in London’s financial centre, will focus on private equity rather than property, its chief executive said.

Mohammed Paracha said Al Salam Europe is shopping around for Continental European mid-cap private equity deals in Spain, Portugal and France. It has also considered Italy and nearly sealed a deal in the UK, which fell through, he said………Full Article: Source

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Abraaj Capital opens Saudi office, sees growth opportunities http://www.opalesque.com/IslamicFinance_Briefing/?p=2651 http://www.opalesque.com/IslamicFinance_Briefing/?p=2651#comments Mon, 01 Jun 2009 02:47:29 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2651 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2651>Article Link</a> From Menareport.com: Dubai-based private equity group Abraaj Capital, which has raised about US$ 7 billion since inception in 2002, announced today the opening of its office in the Saudi Arabian capital Riyadh with a dedicated investment team to tap growing opportunities in the largest Arab economy.
The team of eight, headed by Executive Director Sari Anabtawi, 46, will work to identify new investment opportunities as well as work with existing Abraaj partner-companies to grow their business in Saudi Arabia and the region…….Full Article: Source

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Saudi Finance Minister urges private sector to boost cooperation http://www.opalesque.com/IslamicFinance_Briefing/?p=2637 http://www.opalesque.com/IslamicFinance_Briefing/?p=2637#comments Fri, 29 May 2009 02:41:41 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2637 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2637>Article Link</a> From Menafn.com: Finance Minister Ibrahim Al-Assaf yesterday commended the efforts of the Islamic Development Bank (IDB) in strengthening partnerships with the private sector and for its vast expertise in exploring project viability.
Addressing a ceremony organized by the bank to launch its business forum entitled “Thiqah,” the minister also noted IDB’s endeavors to boost the economic and social development of member countries…….Full Article: Source

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Gulf private equity faces family company challenge http://www.opalesque.com/IslamicFinance_Briefing/?p=2415 http://www.opalesque.com/IslamicFinance_Briefing/?p=2415#comments Wed, 13 May 2009 04:50:05 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2415 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2415>Article Link</a> From Reuters: Private equity houses are eyeing acquisitions in the Gulf Arab region, but deal-making is challenging in a region dominated by family owned conglomerates, bankers said.

The Gulf Arab region has been a hunting ground for private equity firms raising oil money from rich individuals and institutions to finance deals elsewhere……..Full Article: Source

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Capital Trust: Fundraising for EuroMena II closes in two weeks http://www.opalesque.com/IslamicFinance_Briefing/?p=2256 http://www.opalesque.com/IslamicFinance_Briefing/?p=2256#comments Mon, 04 May 2009 02:48:42 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2256 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2256>Article Link</a> From Cpifinancial.net: The Capital Trust Group said that Euromena II, its third generation MENA private equity fund, will close in two weeks as the fundraising operation nears its objective.

In a statement, Capital Trust said that the funds raised by EuroMena II amount to approximately $100 million, despite the current global financial and economic crisis…….Full Article: Source

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Al Safi to foray into private equity http://www.opalesque.com/IslamicFinance_Briefing/?p=2051 http://www.opalesque.com/IslamicFinance_Briefing/?p=2051#comments Fri, 17 Apr 2009 04:55:06 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=2051 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=2051>Article Link</a> From Reuters: Dubai-sponsored Islamic hedge fund platform Al Safi is planning a foray into private equity by the end of this year, the scholar sanctioning its Islamic compliance said on Wednesday.

Yusuf Talal DeLorenzo, chief sharia officer at U.S. fund manager Shariah Capital, said the Al Safi platform could also offer up to five long/short equity hedge funds…..Full Article: Source

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Kipco to launch private equity fund http://www.opalesque.com/IslamicFinance_Briefing/?p=1863 http://www.opalesque.com/IslamicFinance_Briefing/?p=1863#comments Thu, 02 Apr 2009 01:52:18 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=1863 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=1863>Article Link</a> From Tradearabia.com: Kuwait Projects Co (Kipco) said on Monday it expects to launch a private equity fund targeting the Middle East and North Africa in 2009, if market conditions are suitable.

Kipco expects to double its annual profit in 2009 and cut costs by 20 percent, chief executive Faisal Al-Ayyar told a news conference on Monday. Its 2008 profit fell to 24.1 million Kuwait dinars ($82.8 million) from 521.7 million dinars in the previous year. ….Full Article: Source

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Istithmar World to focus on private equity and alternative investments http://www.opalesque.com/IslamicFinance_Briefing/?p=1817 http://www.opalesque.com/IslamicFinance_Briefing/?p=1817#comments Tue, 31 Mar 2009 05:49:53 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=1817 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=1817>Article Link</a> From Cpifinancial.net: Istithmar World Investment Management (Dubai) is part of the Dubai World group, Dubai’s investment flag bearer focusing on strategic growth areas through its portfolio companies.

Istithmar World is active in private equity globally and has $9 billion of non-consolidated assets under management, including real estate investments. Istithmar World Investment Management (Dubai) is the first Dubai World entity to be authorised by the DFSA to conduct regulated activities in DIFC…..Full Article: Source

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ADIC eyes buy-outs in Middle East and North Africa, hires head of private equity http://www.opalesque.com/IslamicFinance_Briefing/?p=1661 http://www.opalesque.com/IslamicFinance_Briefing/?p=1661#comments Thu, 19 Mar 2009 05:05:03 +0000 Laxman http://www.opalesque.com/IslamicFinance_Briefing/?p=1661 <br> <a href=http://www.opalesque.com/IslamicFinance_Briefing/?p=1661>Article Link</a> The Abu Dhabi Investment Company (ADIC) has hired a new head of private equity to lead a charge for buy-outs in the Middle East and North Africa at a time when the global economic crisis is starving promising companies of capital.

Leading the push will be an experienced deal maker in the region, Samir Assaad Samaan, who joins ADIC from NBK Capital in Dubai, where he headed the firm’s private equity operations. “With the global economic crisis hampering corporate financing, our nimble private equity fund should continue to thrive as a valuable capital source for growing companies,” said ADIC Chief Executive Officer Nazem Fawwaz Al Kudsi…… Full Press Release: Source

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