Istithmar World Capital is looking to sell more assets after offloading some stakes in recent months as the Dubai investment company returns cash to its parent, one of the more indebted wings of the government.
The five-year-old company will seek to harvest profits on long-held companies in spite of the depressed global market for assets, but it will not resort to fire sales, said David Jackson, chief executive.
“The timing’s lousy, but people are saying, okay, you told us that in 2009 we’ll start to see money coming back from you, so where is it?” he told the Financial Times.
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