NBK Capital finds itself in an unusual position in the present economic climate. It has money to invest.
The financier, which is the investment arm of the National Bank of Kuwait, raised US$156 million (Dh573m) in August for a fund aimed at regional mid-sized businesses, just weeks before the credit crunch hit.
“We were lucky, we raised the fund at an opportune time given the tightening of credit markets in the region,” said Amjad Ahmad, the chief executive of NBK Capital in Dubai.
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