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Wednesday, 30 November 2016

RPT-UAE's Gulf Capital may sell some investments late next year | Reuters

RPT-UAE's Gulf Capital may sell some investments late next year | Reuters:
"Private equity firm Gulf Capital plans to sell some of its investments towards the end of 2017 and early 2018 as market sentiment and the regional economy improve, its chief executive told Reuters.

Karim El Solh declined to say which stakes the Abu Dhabi-based company, one of the biggest private equity firms in the region, was considering offloading but said that they would be appealing to global strategic buyers.

Sources familiar with the situation said Gulf Capital's stake in Egyptian medical firm TechnoScan and its remaining stake in utility business Metito Holdings were both for sale."

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